1601 Ocean Ave - Hospitality FOR SALE


Point Pleasant Beach, NJ 08742
$3,600,000 USD
732-232-4724
1601 Ocean Ave, Point Pleasant Beach, NJ for Sale
$3,600,000 USD
Hospitality - FOR SALE
1/12
null | Request Cap Rate

1601 Ocean Ave
Point Pleasant Beach, NJ 08742


OVERVIEW

Just passed the 5 year DCA certification! The most popular Jersey Shore destination. Excellent shore property run as absentee ownership. Experienced Management in place! Manager will be willing to sign a long-term lease! Ideal 1031 exchange property! Owner operator can generate additional income. Beach access directly across the street. Excellent cash flow. Fully documented revenue/income history so can easily be financed, with 30% down payment. 23 rooms and 2 apartments. Operated only in spring/summer from May-September. Visit www.dunesbytheocean.com. At $150,000 per bedroom, one of the lowest price per bedroom along the shore! Price per SF is just $460, well below the replacement cost at the shore! The property sits on 3 lots and the land value alone is over $2.7 Million. New electrical panels and 600 AMP three phase electric service

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$397 USD /SF

# OF ROOMS

25

PRICE/ROOM

$144,000 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dunes by the Ocean

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1975

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

15,002 SF

ZONING

RR3

APN/PARCEL ID

26-00179-02-00005

ASK ABOUT THIS PROPERTY

Bradford SineKeller/Williams Ocean Living 1513 Richmond AveMore Info
732-232-4724

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Bradford SineKeller/Williams Ocean Living 1513 Richmond AveMore Info
732-232-4724

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