Pelican Point Motel 210 Arnold Ave 29 Room Hotel Point Pleasant Beach, NJ 08742 $4,100,000 ($141,379/Room)
INVESTMENT HIGHLIGHTS
- Prime redevelopment opportunity in a highly desirable Point Pleasant Beach location
- 29-room year-round motel just steps from the beach and Jenkinson’s Boardwalk.
- Ideal for luxury condo or single-family home development or continued motel operation.
EXECUTIVE SUMMARY
This 29-room motel, currently operating year-round, offers a prime investment or redevelopment opportunity in the heart of Point Pleasant Beach, NJ. Located just steps from the beach and Jenkinson's Boardwalk, this property is perfectly positioned for lodging or an exciting new residential project. Developers will appreciate the potential to redevelop into luxury condominiums or high-end single-family homes, capitalizing on the area's strong real estate market. Alternatively, investors can continue operating the motel in this thriving tourist destination. Buyer's will need to conduct their due diligence on future use!
DATA ROOM Click Here to Access
- Operating and Financials
PROPERTY FACTS
AMENITIES
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 4 | $289.00 | - |
| Guest Room | 25 | $209.00 | - |
1 of 1
Walk Score®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 26-00086-0000-00005 | Improvements Assessment | $675,000 |
| Land Assessment | $1,215,000 | Total Assessment | $1,890,000 |
CONTACT
-
Michael Fabozzi -
C21 Thomson & Co
