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22 Unit Motel Prime Location /Boardwalk 136 Sumner Ave 44 Room Hotel Seaside Heights, NJ 08751 $2,300,000 ($52,273/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 Motel is Located approximately 1 1/2 Blocks from the Beach (Boulevard & Sumner Ave).
- Motel has an Outside Swimming Pool, Free Wi-Fi & Free Parking
Executive Summary
This is 1 of 3 Motels that can be sold as a Portfolio or Individually.
- Associated Motels are located at 129 Sheridan Ave (25 rooms) & 126 Sumner Ave - Seaside Heights, NJ, 08751,(24 rooms).
- This Motel has 22 rooms.
- The Total units of the Portfolio is 71 rooms.
- This Motel is Located approximately 1 1/2 Blocks from the Beach (Boulevard & Sumner 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.
- Associated Motels are located at 129 Sheridan Ave (25 rooms) & 126 Sumner Ave - Seaside Heights, NJ, 08751,(24 rooms).
- This Motel has 22 rooms.
- The Total units of the Portfolio is 71 rooms.
- This Motel is Located approximately 1 1/2 Blocks from the Beach (Boulevard & Sumner 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 | $2,300,000 | Lot Size | 0.20 AC |
| Price Per Room | $52,273 | Building Size | 1,588 SF |
| Sale Type | Investment | No. Rooms | 44 |
| Sale Condition | Bulk/Portfolio Sale | No. Stories | 4 |
| Property Type | Hospitality | Year Built | 1936 |
| Property Subtype | Hotel | Parking Ratio | 8.82/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Zoning | RB - Retail Business Zone -Accommodates Commercial and Retail Activities. Motels, Hotels etc... | ||
| Price | $2,300,000 |
| Price Per Room | $52,273 |
| Sale Type | Investment |
| Sale Condition | Bulk/Portfolio Sale |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 1,588 SF |
| No. Rooms | 44 |
| No. Stories | 4 |
| Year Built | 1936 |
| Parking Ratio | 8.82/1,000 SF |
| 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 | 1 | $200.00 | - |
| Guest Room | 43 | $78.00 | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 27-00015-0000-00028 | Improvements Assessment | $1,108,500 |
| Land Assessment | $1,350,000 | Total Assessment | $2,458,500 |
Property Taxes
Parcel Number
27-00015-0000-00028
Land Assessment
$1,350,000
Improvements Assessment
$1,108,500
Total Assessment
$2,458,500
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22 Unit Motel Prime Location /Boardwalk | 136 Sumner Ave
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