3304 State Route 66, Neptune, NJ 07753

25 Room Hotel | Neptune, NJ 07753 | $3,000,000 ($120,000/Room)

Asking Price $3,000,000

Property Type
Hospitality
Square Feet
5,657 SF

Listing Contacts

Jackie Tsai
Jackie Tsai
  • Property Info

Property Overview

COMMERCIAL ZONE , 2.22 Acres land, right after Garden State Parkway Exit 100B, access to Route 35 between Route 34, Route18, Route 66, Route 33,,,,to Asbury Park, famous Ocean Grove, Bradley Beach, Jumping Brook Country Club..,,,25 rental units plus two bedrooms Manager's living quarter and motel Office . RETAILERS' CORRIDOR! Zoning C-1, nearby Home Depot, WAWA, Walmart, JERSEY SHORE PREMIUM OUTLET , Social Security Administration office ...tons of RETAILERS on the street along Highway 66 in Neptune Township, With at least 250 feet frontage wide and 386 feet deep.
Special Notice: **OYO Franchise has been terminated. New owner has to either change Trade Name "Monmouth Motel" into it's own purpose of use and New signage or may continue the same Trade Name** Household income average around $97,000 in one mile, $74,000 in three miles, $79,000 in fives miles radius.
INCOME PROPERTY ! What a way for owner/manager live in cost and expenses covered, in addition to property tax/insurance/utility paid by income producing revenue...great opportunity for creative fixer upper to experiment and indulge hospitality service at Jersey Shore Neptune Township...( p.s.. All showings and offers are strictly through Listing Broker only.)

Property Details

Class
C
Year Built
1952
Stories
1
Property Subtype
Hotel
Lot Size (sq. ft)
96,703 SF
Units
25

Highlights

  • location, location, location.... Redevelopment Opportunity.

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