NJ Seaside HtsSeaside Heights, NJ 08751

Property Details for NJ Seaside Hts

Year built

1932

Lot size

0.35 AC

Property size (Sq ft)

9,768 SF

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.

Location Insight

City

Seaside Heights

County

Ocean

State

New Jersey

Latitude

39.9443

Longitude

-74.0729

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