120-136 Sumner Avenue, Seaside Heights, NJ 08751 | MLS 22201193 | Listing Information | Berkshire Hathaway HomeServices Healy, REALTORS | Berkshire Hathaway HomeServices Healy, REALTORS
Off Market
$5,499,900  

120-136 Sumner Avenue
Seaside Heights, NJ 08751

Other
Commercial
N/A
Acre Lot
1of
Photos
Map
Courtesy: Michael Loundy - Seaside Heights Realty Inc.
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.
22201193
Other, 3+ Story
Ocean
Public Water
3
Other
Public Sewer
$0.00
Central Business,Commercial,Mixed,Multi-Family,Multi-Use
Interior Features
Heating
Other. .
Basement
Other
Accessibility
Handicapped.
Security
Security System
Additional Interior Features
Handicapped
Exterior / Lot Features
Parking
32 Parking Spaces. 0 Covered Parking Spaces. Off Street,On Site.
Exterior
Other
Roof
Shingle
Lot Dimensions
110 x 100, 90 x 100
Zoning
Central Business,Commercial,Mixed,Multi-Family,Mul
Additional Exterior/Lot Features
Handicapped,Lighting,Security System,Sign. Corner Lot,Curbing,Highway Frontage,Landscaped,Oceanside,See Remarks,Sidewalks.
Community Features
Security Features
Security System
Complex Features
Security System
Financial Considerations
$995,000
111111111111
$63,798
Business Name,Equipment/Furniture,Goodwill,Inventory,License,Machinery,Phone System,Signs,Training by Owner