$10,500,000
Point Pleasant Beach, NJ 08742
MLS# 22417518
Status: Pending
10868 sqft
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Property Description
Welcome to an unparalleled investment opportunity! Oceanfront Motel for Sale: Prime Coastal Property with 44 Rooms. This stunning location on a wide stretch of coastline, offers breathtaking views for both leisure and business travelers seeking a serene and memorable stay by the sea. Need a little more space? There is a 2 bedroom apartment with a private balcony facing the ocean and with views of the pool. This motel's best-kept secret is a generously sized 4 bedroom/3.5 bath home tucked into one of the three buildings on this spacious corner lot. Zoned as RR3 the possibilities for this property are endless.
Details
Maps
Contract Info
Sale: Yes
Lease: No
List Price/SqFt: 966.14
New Construction: No
Status: Pending
List Date: 2024-06-20
Property Sub-Type: Commercial
List Price: $10,500,000
Current Price: $10,500,000
Location
Area/Section: Pt Pleasant Bch
House Number: 1008
Street Name: Ocean
Street Suffix: Avenue
County: Ocean
Municipality: Point Pleasant Beach (PPB)
Postal City: Point Pleasant Beach
State: NJ
Zip Code: 08742
Directions: Arnold Avenue to Ocean Avenue and the most awesome motel is up a bit on the left, 1008 Ocean Avenue.
General Property Info
# Levels: 2
Acreage: 0.86
Lot Dimensions: 150 x 250
Garage: No
# Car Garage: 0
Business Operating: Yes
Franchise: No
Farm: No
Apx SqFt: 10868
Tax and Legal
Asmnt - Total: 3841000
Taxes: 63991
Tax Year: 2023
Remarks & Misc
Excluded: Personal Property
Use
Hotel/Motel: 1
Zoning
Residential: 1
Lot Description
Beachfront: 1
Corner Lot: 1
Dead End Street: 1
Landscaped: 1
Oceanfront: 1
Possible Subdivision: 1
Sidewalks: 1
Water Type
Ocean Front: 1
Oceanview: 1
Electric
200 - 400 AMP: 1
Basement
Partial: 1
Gas
On Site: 1
Water Heater
Natural Gas: 1
Heating
Forced Air: 1
Natural Gas: 1
Water
Public Water: 1
Sewer
Public Sewer: 1
Parking
Off Street: 1
On Site: 1
Paved: 1
Assessment Status
Assessed: 1
Construction/Siding
Block: 1
Shingle Siding: 1
Stucco: 1
Wood: 1
Roof
Asphalt: 1
Shingle: 1
Sale Includes
Business Name: 1
Equipment/Furniture: 1
Goodwill: 1
Inventory: 1
License: 1
Phone System: 1
Signs: 1
Training by Owner: 1
Documents Available
Financial Statement: 1
Furnishings: 1
Inventory List: 1
Survey: 1
Status Change Info
Under Contract Date: 2025-09-12
Property Features
Use: Hotel/Motel
Basement: Partial
Heating: Forced Air; Natural Gas
Water Heater: Natural Gas
Water: Public Water
Sewer: Public Sewer
Gas: On Site
Electric: 200 - 400 AMP
Parking: Off Street; On Site; Paved
Roof: Asphalt; Shingle
Sale Includes: Business Name; Equipment/Furniture; Goodwill; Inventory; License; Phone System; Signs; Training by Owner
Zoning: Residential
Lot Description: Beachfront; Corner Lot; Dead End Street; Landscaped; Oceanfront; Possible Subdivision; Sidewalks
Water Type: Ocean Front; Oceanview
Assessment Status: Assessed
Documents Available: Financial Statement; Furnishings; Inventory List; Survey
Listing Office: Shire Realty Inc
Listing Agent: Jeanette Schlapfer
Last Updated: September - 16 - 2025
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Monmouth Ocean Regional REALTORS®, and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.