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Metropole Motel 600 E Central Ave
24 Room Hotel Seaside Heights, NJ 08751 $2,075,000 ($86,458/Room)
Investment Highlights
- Property includes a private pool and central office space!
- Brand new digital locks and security system
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,075,000 | Lot Size | 0.17 AC |
| Price Per Room | $86,458 | Building Size | 6,824 SF |
| Sale Type | Investment | No. Rooms | 24 |
| Sale Conditions | Business Value Included | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1950/2022 |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C |
| Price | $2,075,000 |
| Price Per Room | $86,458 |
| Sale Type | Investment |
| Sale Conditions | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 6,824 SF |
| No. Rooms | 24 |
| No. Stories | 2 |
| Year Built/Renovated | 1950/2022 |
| Corridor | Exterior |
Amenities
- Pool
- Fully-Equipped Kitchen
About 600 E Central Ave , Seaside Heights, NJ 08751
The Metropole Motel and Apartments is a first class deluxe family lodging establishment with 24 rooms in the splendid seaside town of Seaside Heights. The Metropole rooms and property have all been recently updated and retrofitted with new security cameras and hotel style door lock system. Most of the heating and air conditioning systems have been replaced and all of the rooms have been updated with modern furnishings. Full WIFI is provided for management and guests. The Metropole features a private pool and main office area for property management. We are located within very close walking distance to the majestic Atlantic Ocean and Barnegat Bay and we're surrounded by many great attractions and the motel is open year round. Can be sold with neighboring lot with 2 Unit Multi Family. Effectively two lots between Blaine and Sumner Ave on Central Ave.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 24 | $78.00 | - |
PROPERTY TAXES
| Parcel Number | 27-00023-0000-00002 | Improvements Assessment | $854,900 |
| Land Assessment | $421,900 | Total Assessment | $1,276,800 |
PROPERTY TAXES
zoning
| Zoning Code | RB (motel) |
| RB (motel) |
-
Daniel Vaysberg - Real Estate Academy
Presented by
Real Estate Academy
Metropole Motel | 600 E Central Ave
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