3304 Nj-66Neptune City, NJ 07753

Property Details for 3304 Nj-66

Year built

1952

Lot size

2.22 AC

Property size (Sq ft)

5,621 SF

Property type

Hospitality properties

Property subtype

Other hospitality properties

Description

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.

Location Insight

City

Neptune City

County

Monmouth

State

New Jersey

Latitude

40.2287

Longitude

-74.0637

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