Sunburst Motel II 53 Hancock Ave 14 Room Hotel Seaside Heights, NJ 08751 $3,200,000 ($228,571/Room)
EXECUTIVE SUMMARY
Ideal for Condo Conversion! Prime property for undercutting the current condo market here in Seaside Heights. 1/2 block to the Beach and Boardwalk and less then 2 blocks to Casino Pier/ Waterpark and the main attractions. This property could be potentially converted from its status as a Motel to a 14 Unit Condo Complex or run as separate Air B N B rentals. The property has 15 total units with 14 which are 1 bedroom studio apartments. Downstairs 1 unit currently being used as a King Room could always be used as an onsite managers apartment/ office. The common deck area contains 2 grills and patio furniture. Also the property was recently updated with top of the line High Speed Wireless Internet throughout.
PROPERTY FACTS
| Price | $3,200,000 |
| Price Per Room | $228,571 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,515 SF |
| No. Rooms | 14 |
| No. Stories | 3 |
| Year Built | 1984 |
| Parking Ratio | 2.88/1,000 SF |
| Corridor | Exterior |
| Zoning | R |
AMENITIES
- Outdoor Pool
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 14 | $211.00 | - |
1 of 1
Walk Score®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | 27-00040-0000-00060 | Improvements Assessment | $606,000 |
| Land Assessment | $270,000 | Total Assessment | $876,000 |
CONTACT
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Robert Heffernan - Sunburst Motel
