53 Hancock Ave - Hospitality FOR SALE


Seaside Heights, NJ 08751
$3,200,000 USD
732-773-8862
53 Hancock Ave, Seaside Heights, NJ for Sale
$3,200,000 USD
Hospitality - FOR SALE
1/6
null | Request Cap Rate

53 Hancock Ave
Seaside Heights, NJ 08751


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$709 USD /SF

# OF ROOMS

14

PRICE/ROOM

$228,571 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sunburst Motel II

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1984

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,006 SF

ZONING

R

APN/PARCEL ID

27-00040-0000-00060

ASK ABOUT THIS PROPERTY

Robert HeffernanSunburst MotelMore Info
732-773-8862

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

Robert HeffernanSunburst MotelMore Info
732-773-8862

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