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$4,100,000
Est. payment /mo
10,080 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 10,080 sqft
Price per Sqft $406
Municipality Point Pleasant Beach (PPB)
MLS Listing ID 22507962
Originating Board MOREMLS (Monmouth Ocean Regional REALTORS®)
Annual Tax Amount $32,470
Tax Year 2024
Lot Size 0.610 Acres
Acres 0.61
Lot Dimensions 150 x 177
Property Sub-Type Commercial
Property Description
This 29-room motel, currently operating year-round, offers a prime investment or redevelopment opportunity in the heart of Point Pleasant Beach, NJ. Located just steps from the beach and Jenkinson's Boardwalk, this property is perfectly positioned for lodging or an exciting new residential project. Developers will appreciate the potential to redevelop into luxury condominiums or high-end single-family homes, capitalizing on the area's strong real estate market. Alternatively, investors can continue operating the motel in this thriving tourist destination. Buyer's will need to conduct their due diligence on future use!
Location
State NJ
County Ocean
Area Pt Pleasant Bch
Direction GPS
Exterior
Parking Features On Street, On Site, Paver Block
Private Pool No
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
Tax ID 26-00086-0000-00005
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Listed by C21 Thomson & Co.
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G.K. Cheung
Broker of Record | License ID: 1120283
Broker of Record License ID: 1120283