Hotel with
For Sale
$3,499,000
1201 Boulevard, Seaside Heights, NJ 08751
Commercial Sale, Seaside Heights, NJ
Property Size19,188 SF
Lot Size0.26 Acres
Price / SF$182.35
Days on Market465
Property Features for 1201 Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Neighborhood, Multi-Use, Live-in Professional, Commercial, Central Business
Parking features
Off Street
Security features
Security System
Exterior features
Lighting
Fencing
Fenced
Basement
Crawl Space
Lot features
Oceanside, Subdividable, Multilot Sub, Corner Lot
Directions
Just Approved for 10 State of the Art New Townhomes. Presently operating as a local Mixed used Motel and Restaurant and could be a great opportunity for new Franchise/Flag or Boutique Airbnb Style Hotel. 1 Block to the beach and boardwalk, corner of Fremont and the Blvd. GO TO DOCUMENTS TAB FOR SITE PLAN AND APPROVED TOWNHOME PLANS
Subdivision
Seaside Heights
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
Amenities
Private Balconies
Pool & Lounge Area
Security Camera System
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) 330-6651
Added: Jun 30, 2025
Changed: Oct 2
Last Checked: Oct 7 at 12:06AM
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.
The 19,188-square-foot hotel occupies a 0.26-acre parcel and was built in 1985. Its current configuration includes 21 hotel units, a manager’s suite, and a two-bedroom apartment, along with guest suites and rooms with private balconies. A pool and lounge area serve the property, which also has a security camera system, off-street parking, and a tenant-operated restaurant. Public water and sewer are available. Approval has been granted for 10 townhomes, providing an additional documented development path.
The property is one block from the beach and within walking distance of rides, shops, and restaurants. The site is fenced and has exterior lighting.
The property is one block from the beach and within walking distance of rides, shops, and restaurants. The site is fenced and has exterior lighting.
Key Highlights
- 21 hotel units, a manager’s suite, and a two‑bedroom apartment
- 19,188 square feet on a 0.26‑acre parcel; built in 1985
- Approved for 10 townhomes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$139,449
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,788,980
$2.8M
Cap Rate 7%
$1,992,129
$2.0M
Cap Rate 9%
$1,549,433
$1.5M
Market Conditions
NOI Build-Up for 19,188 SF
Gross rent
$345.4K $18.00/SF
− Vacancy
−$51.8K −$2.70/SF
EGI
$293.6K $15.30/SF
− OpEx
−$154.1K −$8.03/SF
NOI
$139.4K $7.27/SF
Area
Ocean County, NJ
Vacancy
15.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,788,980
Cap Rate 7%
$1,992,129
Cap Rate 9%
$1,549,433
Alternative Uses
Best Use
Hotel Hospitality
$1.99M
$1.74M – $2.32M
NOI $139,449 @ 7.0% cap · market cap 3.99%
Second Best
—
—
no second resolved use
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
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
576
Businesses Nearby
Explore this area
Business Placement
Demographics for 08751, NJ
3,867
Population
5,319
Households
0.7
Avg Household Size
48
Median Age
39%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
2,975
Density / Sq Mi
$75,000
Median Household Income
$52,273
Median Earnings
$1,437
Median Rent
$583,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hotel - The existing lodging property combines guest accommodations with a pool, lounge, and an on-site restaurant.
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: 21 hotel units, a manager’s suite, and a two‑bedroom apartment; 19,188 square feet on a 0.26‑acre parcel; built in 1985; Approved for 10 townhomes
