Seaside Heights Redevelopment
1201 Boulevard Seaside Heights, NJ 08751
For Sale
$3,499,000
COMMERCIAL - Seaside Heights, NJ
Property Size19,188 SF
Lot Size0.26 Acres
Price / SF$182.35
Days on Market393
Property Features for 1201 Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Off Street
Security features
Security System
Exterior features
Lighting
Fencing
Fenced
Basement
Crawl Space
Standard status
Active
APN
11111111
Size
19,188 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
38784
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1985
Floors in Building
3
Roof type
Shingle
Listing Agency:
Seaside Heights Realty Inc.
(732) 793-5200
Listed By:
Michael Loundy · License #8435976
(732) 793-5200
Added: Jun 30, 2025
Changed: Apr 26
Last Checked: Jul 27 at 8:06PM
MLS# 22519318
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
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. A new tenant-operated restaurant is located onsite. The property has been approved for 10 new townhomes. It features a state-of-the-art security camera system. The 0.26-acre lot offers potential for an upscale, online Airbnb-style boutique property. The location is within walking distance of rides, shopping, the beach, and restaurants. Given that over a dozen local motels have recently been torn down, there is a significant demand for seasonal rentals. This presents a great opportunity for a flag/franchise or Airbnb-style property, situated one hour from New York City, Philadelphia, and Atlantic City, off Parkway Exit 82. The property size is 19188 square feet.
Key Highlights
- Approved for 10 New Townhomes, offering significant development potential.
- Prime location: One block to the beach in the prestigious North End, walking distance to attractions.
- Existing 21‑unit hotel with suites, rooms with balconies, and a 2‑bedroom apartment, providing immediate income.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $575.6k | $30.00 |
| − Vacancy | −$39.1k | −$2.04 |
| EGI | $536.5k | $27.96 |
| − OpEx | −$241.4k | −$12.58 |
| NOI | $295.1k | $15.38 |
19,188 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$4.22M
$3.69M – $4.92M
NOI $295,073 @ 7.0% cap · market cap 8.43%
Second Best
Hotel Hospitality
$1.99M
$1.74M – $2.32M
NOI $139,449 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$5.01M
$4.38M – $5.85M
NOI $350,726 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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 Seaside Heights, NJ.
What is the asking price?
The asking price for this property is $3,499,000.
What are key features of this property?
This property features: Approved for 10 New Townhomes, offering significant development potential.; Prime location: One block to the beach in the prestigious North End, walking distance to attractions.; Existing 21‑unit hotel with suites, rooms with balconies, and a 2‑bedroom apartment, providing immediate income.
