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25 Unit Motel Prime Location /Boardwalk 129 Sheridan Ave 25 Room Hotel Seaside Heights, NJ 08751 $3,100,000 ($124,000/Room)
Investment Highlights
- It's approximately a 2 -5 minute walk to to Seaside Heights Boardwalk, Casino Pier, & Breakwater Beach Waterpark.
- Close access to major Highway Corridors; Route 70, Route 37, Route 35, Route 9 & Garden State Parkway.
- This is 1 of 3 Motels that can be sold as a Portfolio or Individually.
- This Motel is Located approximately 1 1/2 Blocks from the Beach (Ocean & Sheridan Ave).
- Motel has an Outside Swimming Pool, Free Wi-Fi & Free Parking.
- The Total units of the Portfolio is 71 rooms - OWNER FINANCING AVAILABLE.
Executive Summary
- OWNER FINANCING AVAILABLE.
- This is 1 of 3 Motels that can be sold as a Portfolio or Individually.
- Associated Motels are located at 126 & 136 Sumner Ave - Seaside Heights, NJ, 08751. These contain a total of 46rooms.
- This Motel has 20 rooms & 5 Suites.
- The Total units of the Portfolio is 71 rooms.
- This Motel is Located approximately 1 1/2 Blocks from the Beach (Ocean & Sheridan Ave).
- It's approximately a 2 -5 minute walk to to Seaside Heights Boardwalk, Casino Pier, & Breakwater Beach Waterpark.
- Close access to major Highway Corridors; Route 37, Route 35, Route 9 & Garden State Parkway.
- This is 1 of 3 Motels that can be sold as a Portfolio or Individually.
- Associated Motels are located at 126 & 136 Sumner Ave - Seaside Heights, NJ, 08751. These contain a total of 46rooms.
- This Motel has 20 rooms & 5 Suites.
- The Total units of the Portfolio is 71 rooms.
- This Motel is Located approximately 1 1/2 Blocks from the Beach (Ocean & Sheridan Ave).
- It's approximately a 2 -5 minute walk to to Seaside Heights Boardwalk, Casino Pier, & Breakwater Beach Waterpark.
- Close access to major Highway Corridors; Route 37, Route 35, Route 9 & Garden State Parkway.
Property Facts
| Price | $3,100,000 | Lot Size | 0.24 AC |
| Price Per Room | $124,000 | Building Size | 8,933 SF |
| Sale Type | Investment | No. Rooms | 25 |
| Sale Condition | Bulk/Portfolio Sale | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1960 |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | ||
| Zoning | RB - Retail Business Zone -Accommodates Commercial and Retail Activities. Motels, Hotels etc... | ||
| Price | $3,100,000 |
| Price Per Room | $124,000 |
| Sale Type | Investment |
| Sale Condition | Bulk/Portfolio Sale |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 8,933 SF |
| No. Rooms | 25 |
| No. Stories | 2 |
| Year Built | 1960 |
| Corridor | Exterior |
| Zoning | RB - Retail Business Zone -Accommodates Commercial and Retail Activities. Motels, Hotels etc... |
Amenities
- Pool
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 5 | $200.00 | - |
| Guest Room | 20 | $125.00 | - |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 27-00047-0000-00034 | Improvements Assessment | $679,100 |
| Land Assessment | $1,584,700 | Total Assessment | $2,263,800 |
Property Taxes
Parcel Number
27-00047-0000-00034
Land Assessment
$1,584,700
Improvements Assessment
$679,100
Total Assessment
$2,263,800
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Contact the Sale Advisor
25 Unit Motel Prime Location /Boardwalk | 129 Sheridan Ave