NJ Seaside Hts, Seaside Heights, NJ 08751
- Hospitality properties
- 9,768 SF
- 0.35 lot acres
Current Use by Public Records
- Hospitality properties
Property Details for NJ Seaside Hts
- Year built
- 1932
- Lot size
- 0.35 lot acres
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
This exceptional 40-key hotel in Seaside Heights, NJ, presents a lucrative investment opportunity. Boasting 9,768 square feet across three stories in a single building, this well-maintained property sits on a 0.35-acre lot just half a block from the boardwalk and ocean. Built in 1932, it offers 20 parking spaces for guests. The asking price is $5,000,000, translating to $125,000 per key and $511.88 per square foot. The hotel enjoys high occupancy during the busy prom and summer seasons, with a loyal clientele ensuring consistent revenue. Its prime location provides easy access to the beach (with beach access for two guests per room), free Wi-Fi, and proximity to popular attractions like Funtown Pier Amusements (a 5-minute walk), Casino Pier, and Breakwater Beach Waterpark (both a 7-minute walk). Numerous shopping and dining options are also within walking distance. This beachfront gem offers significant income potential, limited only by the operator's vision and management. The property's strong performance history and desirable location make it an ideal acquisition for seasoned investors seeking a high-return hospitality investment in a vibrant coastal community.
Value Estimations
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Seaside Heights
- County
- Ocean
- State
- New Jersey
- Longitude
- -74.0729
- Latitude
- 39.9443
