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Sunburst Motel II 53 Hancock Ave 14 Room Hotel Seaside Heights, NJ 08751 $4,374,720 CAD ($312,480 CAD/Room)
Executive Summary
Ideal for Condo Conversion! Prime property for undercutting the current condo market here in Seaside Heights. 1/2 block to the Beach and Boardwalk and less then 2 blocks to Casino Pier/ Waterpark and the main attractions. This property could be potentially converted from its status as a Motel to a 14 Unit Condo Complex or run as separate Air B N B rentals. The property has 15 total units with 14 which are 1 bedroom studio apartments. Downstairs 1 unit currently being used as a King Room could always be used as an onsite managers apartment/ office. The common deck area contains 2 grills and patio furniture. Also the property was recently updated with top of the line High Speed Wireless Internet throughout.
Property Facts
| Price | $4,374,720 CAD | Building Size | 4,515 SF |
| Price Per Room | $312,480 CAD | No. Rooms | 14 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built | 1984 |
| Property Subtype | Hotel | Parking Ratio | 2.88/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.14 AC | ||
| Zoning | R | ||
| Price | $4,374,720 CAD |
| Price Per Room | $312,480 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,515 SF |
| No. Rooms | 14 |
| No. Stories | 3 |
| Year Built | 1984 |
| Parking Ratio | 2.88/1,000 SF |
| Corridor | Exterior |
| Zoning | R |
Amenities
- Outdoor Pool
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 14 | $288.46 CAD | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 27-00040-0000-00060 | Improvements Assessment | $604,305 CAD |
| Land Assessment | $1,410,180 CAD | Total Assessment | $2,014,485 CAD |
Property Taxes
Parcel Number
27-00040-0000-00060
Land Assessment
$1,410,180 CAD
Improvements Assessment
$604,305 CAD
Total Assessment
$2,014,485 CAD
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Sunburst Motel
Sunburst Motel II | 53 Hancock Ave
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