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Property profile

61 Sumner Ave Unit Seaside Sands Inn Seaside Heights, NJ 08751

FOR SALE
Residential income homes
Property ID
US59-2999457
6,930 SF 0.16 ac lot Built 1940
Entity Owned 9-yr Hold
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Property summary

AI-generated overview

Seaside Sands Inn is a fully renovated boutique motel in Seaside Heights, New Jersey, consisting of two buildings and providing 18 guest rooms. Room configurations include double-queen, double-king, and single-queen layouts, along with larger accommodations that include two large suites (each accommodating up to 10 guests), a spacious Grande Suite with two bedrooms that includes a full kitchen plus separate living and dining areas, and a studio apartment with a kitchen. The property features on-site laundry facilities and a lobby/office area with a dedicated professional check-in space and a seating area, and it offers off-street guest parking. The motel is located at 61 Sumner Avenue, within walking distance of the beach and boardwalk district and near dining, amusements, and a water park; it is positioned near the entrance to town with convenient access for arriving guests. The overall configuration supports both standard room stays and larger group accommodations, including units with kitchens and separate living spaces.

Property profile

Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1940
Construction FRAME
Total area 6,930 SF
Lot 0.16 ac (7,000 SF)
Zoning code RB
APN 27 00006- 01-00059
UPID US59-2999457

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel
  • Hotel & Motel

Location

61 Sumner Ave, Unit Unit Seaside Sands Inn Seaside Heights, NJ 08751
Seaside Heights metro Census 728003 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.13M

Owner & transaction history

since 2017
3 recorded transactions
2017
$1.3M
2008
$1.8M
2006
$900,000

Zoning & alternative use

RB · Seaside Heights, NJ
Zoning description

The purpose of the RB Zone is to provide areas for retail sales of goods and offices related to public utilities, including dial or switching equipment buildings.

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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