For Sale
$3,000,000

3304 Nj-66Neptune City, NJ 07753

25-Key Motel, 2.22 Acres, High Income Area

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 25-key motel presents a lucrative investment opportunity in Neptune City, New Jersey. Situated on a 2.22-acre lot with 5,621 square feet of building space, this property boasts a highly desirable C-1 zoning, allowing for diverse commercial uses. Built in 1952, the motel includes a manager's living quarters with two bedrooms and a dedicated motel office. Its strategic location directly off Garden State Parkway Exit 100B provides easy access to major roadways including Routes 35, 34, 18, 66, and 33, placing it within close proximity to Asbury Park, Ocean Grove, Bradley Beach, and Jumping Brook Country Club. The property benefits from a high-traffic retail corridor, with nearby businesses such as Home Depot, Wawa, Walmart, and the Jersey Shore Premium Outlets. The motel enjoys significant street frontage (at least 250 feet wide and 386 feet deep) along Highway 66. Average household incomes within a five-mile radius range from $74,000 to $97,000, indicating strong market potential. The OYO franchise has been terminated, offering the new owner the flexibility to rebrand or continue using the existing "Monmouth Motel" name. This income-generating property provides a unique opportunity for an owner-operator to cover living expenses while benefiting from rental income. The property's prime location and potential for renovation make it an ideal investment for those seeking a foothold in the thriving Jersey Shore hospitality market. The asking price is $3,000,000.

Highlights

  • 25-key motel on a 2.22-acre lot in Neptune City, NJ.
  • 5,621 sq ft building with manager's quarters & office; C-1 zoning allows diverse commercial uses.
  • Prime location off Garden State Parkway Exit 100B, near major roadways & Jersey Shore attractions.
  • High-traffic retail corridor with nearby national retailers; significant street frontage on Highway 66.
  • Average household income within 5 miles: $74,000-$97,000; OYO franchise terminated, allowing for rebranding.
  • Asking price: $3,000,000.

Property Details for 3304 Nj-66

Property type
Hospitality properties, Motels
Square Feet
5,621 SF
Year Built
1952
Lot Size (sq. ft)
96,703 SF

Location Insight

City
Neptune City
County
Monmouth
State
New Jersey
Latitude
40.2286869
Longitude
-74.0637242
3304 Nj-66, Neptune City, New Jersey

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
3304 Nj-66
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message