MLS#22201193
STATUS
PROPERTY TYPECommercial - Business
Property Description
Sea Palace Inn and Sea Palace Motel. 2 Building compound steps from the beach on the main corridor into town. Well run and super clean multiple properties for the price of one. Gross income in excess of $1,100,000.00. NOI could be over $800,000.00. Huge double digit Cap Rate over 14%. 44 units plus mgrs unit. Handicap access includes a large elevator. These well maintained properties are steps to the beach and have a significant upside as the owner runs only part of them year around. Great opportunity for an owner operator to step into a monster income. Located 1 hr from NYC, Philly and AC off Pky Exit 82. Shows very well. Need POF to book appointments.
Property Features
Property Type: Commercial - Business
Fuel Type: See Remarks
Garage: No
Lot Size: 110 x 100, 90 x 100
Property Type: E
Roof Type: A-Frame, Shingled
Taxes: $63,798
Amenities
Handicapped
Feature Descriptions
Days on Site: 171
Exterior: Other - See Remarks
Flooring: Tile
Heating/Cooling: Other
Latitude/Longitude: 39.941567/-74.074545
Lot: Corner Lot, Curbing, Highway Frontage, Landscaped, Oceanside, See Remarks, Sidewalks
Lot Dimensions: 110 x 100, 90 x 100
Parking Notes: Off Street, On Site
Zoning: Central Business, Commercial, Mixed, Multi-Family, Multi-Use
Listed By / Shown By
Listed By
Agency Name: Seaside Heights Realty Inc.
Agent Name: Michael Loundy
Agency Phone: (732) 793-5200
Shown By
Agency Title: JJ Elek Realty
Agency Phone:
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The data relating to real estate for sale on this web-site comes in part from theInternet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM,INC. Real estate listings held by brokerage firms other than this site-owner are marked withthe ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC does not warrant theaccuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of anyinformation provided.
Copyright 2022 , CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC. All rights reserved.The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.--
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120-136 Sumner Avenue | MLS# 22201193
This commercial property located at 120-136 Sumner Avenue, Seaside Heights, NJ 08751 is currently listed for sale with an asking price of $5,499,900. Search Seaside Heights real estate on www.jjelekrealty.com today.