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Sunburst Motel I & II

2 Hospitality Properties Offered at $4,750,000 in Seaside Heights, NJ

Executive Summary

Ideal for Condo Conversion! Prime property for undercutting the current condo market here in Seaside Heights. 1/2 block to the Beach and Boardwalk and less then 2 blocks to Casino Pier/ Waterpark and the main attractions. This property could be potentially converted from its status as a Motel to a 14 Unit Condo Complex or run as separate Air B N B rentals. The property has 15 total units with 14 which are 1 bedroom studio apartments. Downstairs 1 unit currently being used as a King Room could always be used as an onsite managers apartment/ office. The common deck area contains 2 grills and patio furniture. Also the property was recently updated with top of the line High Speed Wireless Internet throughout.

Property Facts

Price $4,750,000
Price / SF $326.37 / SF
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 14,554 SF
Total Land Area 0.27 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
Sunburst Motel I
1020 Boulevard, Seaside Heights, NJ 08751
Hospitality 10,039 SF 1984 -
Sunburst Motel II
53 Hancock Ave, Seaside Heights, NJ 08751
Hospitality 4,515 SF 1984 -
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  • Listing ID: 33871992

  • Date on Market: 11/14/2024

  • Last Updated:

  • Address: Sunburst Motel I & II, Seaside Heights, NJ

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