Driftwood Motel | 1414 Ocean Ave
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Driftwood Motel 1414 Ocean Ave
24 Room Hotel Point Pleasant Beach, NJ 08742 $10,000,000 ($416,667/Room)
Executive Summary
Ocean Front Property with access to the beach. Lot is 500 feet deep. Additional apartment suites available.
Property Facts
| Price | $10,000,000 | Building Size | 18,256 SF |
| Price Per Room | $416,667 | No. Rooms | 24 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1980 |
| Property Subtype | Hotel | Parking Ratio | 0.33/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.57 AC |
| Price | $10,000,000 |
| Price Per Room | $416,667 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.57 AC |
| Building Size | 18,256 SF |
| No. Rooms | 24 |
| No. Stories | 2 |
| Year Built | 1980 |
| Parking Ratio | 0.33/1,000 SF |
| Corridor | Exterior |
Amenities
- Pool
- High Speed Internet Access
- Beach (direct access)
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 4 | $426.00 | - |
| Guest Room | 20 | $272.00 | - |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $900,000 | |
| Land Assessment | $2,106,000 | Total Assessment | $3,006,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,106,000
Improvements Assessment
$900,000
Total Assessment
$3,006,000
zoning
| Zoning Code | SF5 (Commercial) |
| SF5 (Commercial) |
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Driftwood Motel | 1414 Ocean Ave
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