1415 Boulevard - Hospitality FOR SALE


Seaside Heights, NJ 08751
$22,000,000 USD
732-232-4724
1415 Boulevard, Seaside Heights, NJ for Sale
$22,000,000 USD
Hospitality - FOR SALE
1/9
null | Request Cap Rate

1415 Boulevard
Seaside Heights, NJ 08751


HIGHLIGHTS

  • The property is just a short walk from Seaside Heights' famous boardwalk
  • Many properties on the Boulevard offer scenic views of the Atlantic Ocean, allowing residents and visitors to enjoy beautiful views
  • Seaside Heights is known for its vintage seaside charm

OVERVIEW

Contact "THE BRADFORD GROUP" Bradford.Sine@gmail.com 732 232 4724 VALUE ADDED SEE BELOW Over 115 Units in great condition incl the largest pool in the city plus a kiddie pool, full size turn key restaurant and Liquor License w new bar and room service to all rooms, game room & extra large sun/party deck and meeting room on its own full city block, 1 block to the beautiful Seaside Beaches and Boardwalk. Can park over 120 Cars off street. This 4 building facility boasts 2 offices w large mgr apartments. Constant updating incl new decks, railings, bathrooms, flooring, doors, windows furniture etc. All rooms also contain fridges and microwaves. Fantastic development opportunity conforming to build 150 room new facility. Also Single family homes Townhouses Condos Run seasonally now w a HUGE Upside potential if run for 52 Weeks. VALUE ADDED Owners have hosted large events bringing in additional income above current gross. Example Wounded warriors program. Motorcycle origination group, Seaside Saint Patriks day parade. Seaside opening day event. etc. Owners have received consent from the town to be included in the redevelopment program. They have had a rendering done to show the proposed project. The property currently consists of a full city block with restaurant and bar etc. Call for an appointment to tour the property with myself Bradford Sine and the owners. Pky Exit 82, 1 Hr from NYC/Philly

FOR SALE DETAILS

PRICE

$22,000,000 USD

PRICE/SF

$333 USD /SF

# OF ROOMS

110

PRICE/ROOM

$200,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hershey Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1960

PARKING SPACES

111

LAND DETAILS

LAND ACRES

1.81 AC

LAND SF

78,844 SF

ZONING

RB

APN/PARCEL ID

27-00042-0000-00001

ASK ABOUT THIS PROPERTY

Bradford SineKeller/Williams Ocean Living 1513 Richmond AveMore Info
732-232-4724

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Bradford SineKeller/Williams Ocean Living 1513 Richmond AveMore Info
732-232-4724

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.