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    1201 Boulevard Pelican Island, NJ 08751

    For Sale
    $3,999,000

    COMMERCIAL - Seaside Heights, NJ

    Property size:
    19,188 SF
    Lot size:
    0.26 Acres
    Days on Market:
    73
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 1201 Boulevard

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security System
    APN
    11111111
    Parking features
    Off Street
    Exterior features
    Lighting
    Fencing
    Fenced
    Basement
    Crawl Space
    Size
    19,188 SF
    Lot size
    0.26 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1985
    Floors in Building
    3
    Roof type
    Shingle

    Seaside Heights Realty Inc. (732) 793-5200

    Listing agent Michael Loundy (732) 793-5200

    Listing date Sep 24, 2025

    Copyright © 2025 Monmouth Ocean Regional Realtors and Monmouth Ocean Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Seaside Heights Redevelopment Opportunity

    This property, located one block from the beach in the prestigious north end of Seaside Heights, NJ, is currently operated as a 21-unit hotel with a manager's suite. The property includes suites, hotel rooms with private balconies, and a 2-bedroom apartment, as well as a pool and lounge area. It has been approved for the construction of 10 new townhomes. A new tenant-operated restaurant is located onsite. The property features a state-of-the-art security camera system. Given the recent demolition of over a dozen local motels, there is a significant demand for seasonal rentals. The property presents a substantial income upside if operated as an upscale, online Airbnb-style boutique property. It is located within an hour of New York City, Philadelphia, and Atlantic City, off Parkway Exit 82. The property offers a great opportunity to be a Flag/Franchise or Airbnb Style Property. The lot size is 0.26 acres and the property size is 19188 square feet.
    Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Law Firm Realty agency Dental Office Restaurant Nail Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pelican Island
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.073292
    Latitude
    39.945774

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    FAQs

    What type of property is this?
    Hotel - 21-unit hotel approved for 10 townhomes, near the beach.
    Where is this hotel located?
    The property is located at 1201 Boulevard Pelican Island, NJ.
    What is the asking price?
    The asking price for this property is $3,999,000.
    What are key features of this property?
    This property features: - Approved for 10 New Townhomes or operate as a 21-unit hotel with manager's suite.; - Prime location: One block to the beach in the prestigious North End, walking distance to attractions, shopping, and restaurants.; - Includes suites, hotel rooms with private balconies, a 2-bedroom apartment, pool, and lounge area.
    (732) 793-5200
    Request Owner's contact information
    1201 Boulevard Pelican Island, NJ 08751
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    Pelican Island, NJ 08751
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1201 Boulevard Pelican Island, NJ 08751
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