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120-136 Sumner Avenue, Seaside Heights, NJ 08751

$5,499,900
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Active
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.

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.

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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