Seaside Colony Motel 65 Hiering Ave
20 Room Hotel Seaside Heights, NJ 08751 $2,250,000 ($112,500/Room) 8.89% Cap Rate
INVESTMENT HIGHLIGHTS
- Location! Location! The Most Northern end seaside Heights Beach, 16x32 inground pool
EXECUTIVE SUMMARY
Value added Motel is on residential lot.
AMAZING INVESTMENT OPPORTUNITTY at the Jersey Shore!! Located at the most northern entrance into Seaside Heights. This property is situated in a PRIME LOCATION just a few steps from the Beach and Boardwalk. Take the sky ride shuttle above the boardwalk while enjoying the beautiful Ocean views. So many fun things to do and great restaurants attracting a steady flow of guests. The property features spacious rooms equipped with modern amenities and stylish décor, along with swimming pool, cozy lobby and ample parking for guests. Havin an excellent reputation and strong financial performance, this motel presence a lucrative business opportunity.
Don't miss this one! Call today!
AMAZING INVESTMENT OPPORTUNITTY at the Jersey Shore!! Located at the most northern entrance into Seaside Heights. This property is situated in a PRIME LOCATION just a few steps from the Beach and Boardwalk. Take the sky ride shuttle above the boardwalk while enjoying the beautiful Ocean views. So many fun things to do and great restaurants attracting a steady flow of guests. The property features spacious rooms equipped with modern amenities and stylish décor, along with swimming pool, cozy lobby and ample parking for guests. Havin an excellent reputation and strong financial performance, this motel presence a lucrative business opportunity.
Don't miss this one! Call today!
PROPERTY FACTS Under Contract
| Price | $2,250,000 |
| Price Per Room | $112,500 |
| Sale Type | Investment |
| Cap Rate | 8.89% |
| Sale Condition | Redevelopment Project |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 13,421 SF |
| No. Rooms | 20 |
| No. Stories | 2 |
| Year Built | 1976 |
| Parking Ratio | 1.49/1,000 SF |
| Corridor | Exterior |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 20 | $129.00 | - |
1 of 1
Walk Score®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 27-00035-0000-00062 | Improvements Assessment | $807,300 |
| Land Assessment | $368,400 | Total Assessment | $1,175,700 |
ZONING
| Zoning Code | R (Commercial (NEC)) |
