204 Grand Central Avenue, Lavallette, NJ 08735 (MLS# 22329410)

204 Grand Central Avenue, Lavallette, NJ 08735

$2,750,000

Property Type: Commercial Square Footage: 7,062 Lot Size (sq. ft.): 10,019 Status: Closed

Current Price: $2,750,000 List Date: 10/20/2023 Last Modified: 2/17/2025

Overview

Description

Landmark Motel with over 50 years of successful operation w/office/reception area, laundry, mechanical and storage room. This 22-room motel has been an intricate part of the Lavallette business fabric for decades! Recently renovated/revamped this turn-key property has had record sales numbers since the current proprietor has taken the helm. This successful business only needs attention 14 weeks a year! Every aspect of this motel has had a complete overhaul in the last two years. Whether you're an experienced Hotelier or looking to pivot from another career this is an exciting opportunity!

Listing Details MLS# 22329410

Contract Info

Property Sub-Type: Commercial
Sale: Yes
Lease: No
List Price/SqFt: 424.67
New Construction: No

Location

House Number: 204
Street Name: Grand Central
Street Suffix: Avenue
County: Ocean
Municipality: Lavallette Boro (LAV)
Postal City: Lavallette
State: NJ
Zip Code: 08735
Area/Section: Shn Ocn Bch Ii
Directions: Corner of Kerr Ave. and Grand Central Ave. (35 North)

General Property Info

Handicap Access: No
# Levels: 2
Apx SqFt: 7062
Garage: No
# Parking Spaces: 22
Acreage: 0.23
Lot Dimensions: 100 x 100
Business Name: Lamplight Motel
Business Operating: Yes
Year Established: 1966
Franchise: No
Farm: No

Tax and Legal

Deed Restricted: No
Special Assessment: No
Taxes: 10881
Tax Year: 2022

Status Change Info

Under Contract Date: 2023-11-16
Sold Date: 2024-01-04

More Information

Property Features

Location: Business District; Business District Use: Hotel/Motel Floors: Tile Basement: Slab Cooling: Other Heating: Other Water Heater: Multiple Water: Public Water Sewer: Public Sewer Gas: On Site Electric: 220 Volts Exterior: Fenced; Lighting Parking: Off Street; On Site Roof: Asphalt Material: Block; Stone Sale Includes: Business Name; Equipment/Furniture; Inventory; Phone System; Signs; Training by Owner Zoning: Commercial; Mixed; Multi-Use; Neighborhood; Professional; Residential; Single Family; Multi-Family Lot Description: Corner Lot; Fenced/Enclosed Area; Highway Frontage; Level Assessment Status: Assessed Documents Available: Financial Statement Financing: Cash

Listing Office: Keller Williams Shore Properties

Listing Agent: Brendan Pierce

Last Updated: February - 17 - 2025

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