126 Sumner Ave - Hospitality FOR SALE


Seaside Heights, NJ 08751
$2,800,000 USD
908-548-4652
126 Sumner Ave, Seaside Heights, NJ for Sale
$2,800,000 USD
Hospitality - FOR SALE
1/8
null | Request Cap Rate

126 Sumner Ave
Seaside Heights, NJ 08751


HIGHLIGHTS

  • It's approximately a 2 -5 minute walk to to Seaside Heights Boardwalk, Casino Pier, & Breakwater Beach Waterpark.
  • This Motel is Located approximately 1 1/2 Blocks from the Beach (Boulevard & Sumner Ave).
  • Close access to major Highway Corridors; Route 70, Route 37, Route 35, Route 9 & Garden State Parkway.
  • Motel has an Outside Swimming Pool, Free Wi-Fi & Free Parking.
  • This is 1 of 3 Motels that can be sold as a Portfolio or Individually
  • The Total units of the Portfolio is 71 rooms.

OVERVIEW

- This is 1 of 3 Motels that can be sold as a Portfolio or Individually. - Associated Motels are located at 129 Sheridan Ave (25 rooms) & 136 Sumner Ave - Seaside Heights, NJ, 08751,(22 rooms). - This Motel has 24 rooms. - The Total units of the Portfolio is 71 rooms. - This Motel is Located approximately 1 1/2 Blocks from the Beach (Boulevard & Sumner Ave). - It's approximately a 2 -5 minute walk to to Seaside Heights Boardwalk, Casino Pier, & Breakwater Beach Waterpark. - Close access to major Highway Corridors; Route 37, Route 35, Route 9 & Garden State Parkway.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$441 USD /SF

# OF ROOMS

24

PRICE/ROOM

$116,667 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

24 Unit Motel Prime Location /Boardwalk

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

2005

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

RB

APN/PARCEL ID

27-00015-0000-00018

ASK ABOUT THIS PROPERTY

John SicaNewmark Associates CRE, LLCMore Info
908-548-4652

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John SicaNewmark Associates CRE, LLCMore Info
908-548-4652

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.