Monmouth Motel, 3304 Route 66, Neptune, NJ | 3304 State Route 66
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Monmouth Motel, 3304 Route 66, Neptune, NJ 3304 State Route 66
25 Room Hotel Neptune, NJ 07753 $3,000,000 ($120,000/Room)
Investment Highlights
- location, location, location.... Redevelopment Opportunity.
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.)
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.)
Property Facts
| Price | $3,000,000 | Lot Size | 2.22 AC |
| Price Per Room | $120,000 | Building Size | 5,657 SF |
| Sale Type | Investment | No. Rooms | 25 |
| Sale Conditions | Redevelopment Project | No. Stories | 1 |
| Property Type | Hospitality | Year Built | 1952 |
| Property Subtype | Hotel | Parking Ratio | 5.62/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Price | $3,000,000 |
| Price Per Room | $120,000 |
| Sale Type | Investment |
| Sale Conditions | 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 |
Amenities
- Business Center
- Room Service
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 25 | $45.00 | - |
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PROPERTY TAXES
| Parcel Number | 35-02301-0000-00087 | Improvements Assessment | $354,200 |
| Land Assessment | $489,500 | Total Assessment | $843,700 |
PROPERTY TAXES
Parcel Number
35-02301-0000-00087
Land Assessment
$489,500
Improvements Assessment
$354,200
Total Assessment
$843,700
zoning
| Zoning Code | C-1 (Commercial , Retailers' corridor, Health Care, Medical Offices, Lodging Facility..etc...etc...) |
| C-1 (Commercial , Retailers' corridor, Health Care, Medical Offices, Lodging Facility..etc...etc...) |
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Monmouth Motel, 3304 Route 66, Neptune, NJ | 3304 State Route 66
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