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!
10,080 Sq Ft
0.61 Private Acres Exterior Space
Commercial
$32,470 Annual Tax
MLS/Listing ID 22507962
2 Stories
Listing Courtesy of C21 THOMSON & CO., MICHAEL FABOZZI
Source of Data: MONMOUTH OCEAN REGIONAL MULTIPLE LISTING SERVICE