210 Arnold Ave - Hospitality FOR SALE


Point Pleasant Beach, NJ 08742
$4,100,000 USD
908-601-0423
210 Arnold Ave, Point Pleasant Beach, NJ for Sale
$4,100,000 USD
Hospitality - FOR SALE
1/10
null | Request Cap Rate

210 Arnold Ave
Point Pleasant Beach, NJ 08742


HIGHLIGHTS

  • Prime redevelopment opportunity in a highly desirable Point Pleasant Beach location
  • Ideal for luxury condo or single-family home development or continued motel operation.
  • 29-room year-round motel just steps from the beach and Jenkinson’s Boardwalk.

OVERVIEW

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!

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$407 USD /SF

# OF ROOMS

24

PRICE/ROOM

$170,833 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pelican Point Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1996

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

RR2

APN/PARCEL ID

26-00086-0000-00005

ASK ABOUT THIS PROPERTY

Michael FabozziC21 Thomson & CoMore Info
908-601-0423

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

Michael FabozziC21 Thomson & CoMore Info
908-601-0423

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