217 Broadway - Hospitality FOR SALE


Point Pleasant Beach, NJ 08742
$7,900,000 USD
732-283-9000
217 Broadway, Point Pleasant Beach, NJ for Sale
$7,900,000 USD
Hospitality - FOR SALE
1/4
null | Request Cap Rate

217 Broadway
Point Pleasant Beach, NJ 08742


HIGHLIGHTS

  • Established 49-room motel in a premier Jersey Shore location within walking distance of beaches and attractions.
  • Operates as a turnkey, cash-flowing business with consistent occupancy, especially during peak tourism seasons.
  • Features major guest amenities including one of Point Pleasant Beach’s largest seasonal outdoor pools and on-site parking.
  • Property benefits from Resort Commercial zoning, supporting hotel/motel operations and allowing for expanded or mixed-use hospitality concepts.
  • High visibility along Broadway and easy access to local retail, dining, and leisure venues, creating repeat guest appeal.

OVERVIEW

Atlantic Motel presents a rare investment opportunity in the heart of Point Pleasant Beach, one of New Jersey’s most iconic coastal destinations. Featuring approximately 49 rooms across two stories, the property includes a mix of double, queen, and king accommodations. Guests enjoy standout amenities such as one of the region’s largest seasonal outdoor swimming pools, on-site parking, and complimentary Wi-Fi. Operating as a turnkey, cash-flowing asset, the motel has a proven history of occupancy—especially during peak summer months—with strong repeat visitation supported by its family-friendly atmosphere and prime location. Revenue streams from nightly and weekly stays are enhanced by local perks including free beach passes and proximity to the oceanfront, boardwalk entertainment, and shopping. The property is zoned Resort Commercial (RC), allowing for hotels, motels, and related uses, as well as certain higher-density or mixed-use hospitality uses with conditions. This flexibility makes it suitable for continued operation, expansion opportunities, or a future repositioning play. Situated within an established leisure-driven economy, the Atlantic Motel offers predictable income potential today and long-term upside for hospitality investors or owner-operators seeking a foothold along the Jersey Shore.

FOR SALE DETAILS

PRICE

$7,900,000 USD

PRICE/SF

$395 USD /SF

# OF ROOMS

49

PRICE/ROOM

$161,224 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Atlantic Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,462 SF

ZONING

MC

APN/PARCEL ID

26-00166-0000-00002

ASK ABOUT THIS PROPERTY

Ronald Schrader Jr.Sitar CompanyMore Info
732-283-9000

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Ronald Schrader Jr.Sitar CompanyMore Info
732-283-9000

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