• Broker Jackie Tsai 7324927666
Jackie 888

Monmouth Motel, 3304 Route 66, Neptune, NJ 3304 State Route 66 25 Room Hotel Neptune, NJ 07753 $3,000,000 ($120,000/Room)

View Photo

INVESTMENT HIGHLIGHTS

  • location, location, location....
  • access to Route 35 between Route 34, Route18, Route 66, Route 33
  • With at least 250 feet frontage wide and 386 feet deep.
  • Redevelopment Opportunity.
  • To Asbury Park, famous Ocean Grove, Bradley Beach, Jumping Brook Coun

EXECUTIVE SUMMARY

COMMERCIAL ZONE , 2.22 Acres land, right after Garden State Parkway Exit 100B, access to Route 35 between Route 34, Route18, Route 66, Route 33,,,,to Asbury Park, famous Ocean Grove, Bradley Beach, Jumping Brook Country Club..,,,25 rental units plus two bedrooms Manager's living quarter and motel Office . RETAILERS' CORRIDOR! Zoning C-1, nearby Home Depot, WAWA, Walmart, JERSEY SHORE PREMIUM OUTLET , Social Security Administration office ...tons of RETAILERS on the street along Highway 66 in Neptune Township, With at least 250 feet frontage wide and 386 feet deep.
Special Notice: **OYO Franchise has been terminated. New owner has to either change Trade Name "Monmouth Motel" into it's own purpose of use and New signage or may continue the same Trade Name** Household income average around $97,000 in one mile, $74,000 in three miles, $79,000 in fives miles radius.
INCOME PROPERTY ! What a way for owner/manager live in cost and expenses covered, in addition to property tax/insurance/utility paid by income producing revenue...great opportunity for creative fixer upper to experiment and indulge hospitality service at Jersey Shore Neptune Township...( p.s.. All showings and offers are strictly through Listing Broker only.)

ATTACHMENTS

Zoning C-1 to C-3 Neptune Township
Tax Map
Tax Map Block 2301 Lot 87

PROPERTY FACTS

Price $3,000,000
Price Per Room $120,000
Sale Type Investment
Sale Condition Redevelopment Project
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 2.22 AC
Building Size 5,657 SF
No. Rooms 25
No. Stories 1
Year Built 1952
Parking Ratio 5.62/1,000 SF
Corridor Exterior
Zoning C-1 - Commercial , Retailers' corridor, Health Care, Medical Offices, Lodging Facility..etc...etc...

AMENITIES

  • Business Center
  • Room Service

ROOM MIX INFORMATION

DESCRIPTION NO. ROOMS DAILY RATE SF
Guest Room 25 $45.00 -

LINKS

  • Jackie 888 website

PROPERTY TAXES

Parcel Number 35-02301-0000-00087 Improvements Assessment $354,200
Land Assessment $489,500 Total Assessment $843,700

MAP

ADDITIONAL PHOTOS

View Photo Building Photo
View Photo monmouth-motel (4)
View Photo Primary Photo
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View Photo oyo-hotel-neptune-nj (1)
View Photo oyo-hotel-neptune-nj (2)
View Photo 0c88277299434252006593e9c4636993e31af281
View Photo 96a2923d8eca3079a73820be174945614abf4ecd
View Photo Previous Sign -Monmouth Motel
  • Listing ID: 27046927

  • Date on Market: 11/4/2022

  • Last Updated: 5/9/2025

  • Address: 3304 State Route 66, Neptune, NJ 07753

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