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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!

Property Facts

Price $2,250,000
Price Per Room $112,500
Sale Type Investment
Cap Rate 8.89%
Sale Conditions 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 -
Walk Score ®
Very Walkable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
27-00035-0000-00062
Land Assessment
$368,400
Improvements Assessment
$807,300
Total Assessment
$1,175,700

zoning

Zoning Code R (Commercial (NEC))
R (Commercial (NEC))
  • Listing ID: 29251662

  • Date on Market: 4/15/2021

  • Last Updated:

  • Address: 65 Hiering Ave, Seaside Heights, NJ 08751

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