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Shore Hills Motel 2337 State Route 34 12 Room Hotel Manasquan, NJ 08736 $2,000,000 ($166,667/Room)
Executive Summary
Seize a rare opportunity to develop 18 apartments or condos with an an amendment to the redev plan on a prime lot just minutes from Manasquan Beach,Brielle, Sea Girt, and Point Pleasant Beach. Currently an operating motel it's been rezoned by the town from commercial to high density residential to meet. This lot is a high-value investment. In the 08736 zip code this affluent community, with a $150,523 median household income, $91,786 per capita income, and 73% with Bachelor's degrees, ensures strong buyer appeal. Develop premium condos where the median listing price of 2-3 bedroom
condos is $850,000 and overall median listing home price (all property types) is about $1.3M / ~$464/ft2., and rents for 2-3 bedroom apartments averaging $3500 - $4100/month reflecting a
condos is $850,000 and overall median listing home price (all property types) is about $1.3M / ~$464/ft2., and rents for 2-3 bedroom apartments averaging $3500 - $4100/month reflecting a
Property Facts
| Price | $2,000,000 | Building Size | 6,300 SF |
| Price Per Room | $166,667 | No. Rooms | 12 |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Hospitality | Year Built | 1950 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | C | Parking Ratio | 4.91/1,000 SF |
| Lot Size | 1.50 AC | Corridor | Exterior |
| Price | $2,000,000 |
| Price Per Room | $166,667 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.50 AC |
| Building Size | 6,300 SF |
| No. Rooms | 12 |
| No. Stories | 1 |
| Year Built | 1950 |
| Tenancy | Single |
| Parking Ratio | 4.91/1,000 SF |
| Corridor | Exterior |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 12 | $76.00 | - |
1 1
Property Taxes
| Parcel Number | 52-00831-0000-00061 | Improvements Assessment | $0 |
| Land Assessment | $177,300 | Total Assessment | $177,300 |
Property Taxes
Parcel Number
52-00831-0000-00061
Land Assessment
$177,300
Improvements Assessment
$0
Total Assessment
$177,300
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NextHome Force Realty Partners
Shore Hills Motel | 2337 State Route 34
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