129 Sheridan Ave - Hospitality FOR SALE


Seaside Heights, NJ 08751
$3,100,000 USD
908-548-4652
129 Sheridan Ave, Seaside Heights, NJ for Sale
$3,100,000 USD
Hospitality - FOR SALE
1/3
null | Request Cap Rate

129 Sheridan 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 (Ocean & Sheridan 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 - OWNER FINANCING AVAILABLE.

OVERVIEW

- OWNER FINANCING AVAILABLE. - This is 1 of 3 Motels that can be sold as a Portfolio or Individually. - Associated Motels are located at 126 & 136 Sumner Ave - Seaside Heights, NJ, 08751. These contain a total of 46rooms. - This Motel has 20 rooms & 5 Suites. - The Total units of the Portfolio is 71 rooms. - This Motel is Located approximately 1 1/2 Blocks from the Beach (Ocean & Sheridan 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

$3,100,000 USD

PRICE/SF

$347 USD /SF

# OF ROOMS

25

PRICE/ROOM

$124,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

25 Unit Motel Prime Location /Boardwalk

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,339 SF

ZONING

RB

APN/PARCEL ID

27-00047-0000-00034

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.