Hershey Motel | 1415 Boulevard
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Hershey Motel 1415 Boulevard
110 Room Hotel Seaside Heights, NJ 08751 $31,738,079 CAD ($288,528 CAD/Room)
INVESTMENT HIGHLIGHTS
- The property is just a short walk from Seaside Heights' famous boardwalk
- Seaside Heights is known for its vintage seaside charm
- Many properties on the Boulevard offer scenic views of the Atlantic Ocean, allowing residents and visitors to enjoy beautiful views
EXECUTIVE SUMMARY
Contact "THE BRADFORD GROUP"
Bradford.Sine@gmail.com 732 232 4724
VALUE ADDED SEE BELOW Over 115 Units in great condition incl the largest pool in the city plus a kiddie pool, full size turn key restaurant and Liquor License w new bar and room service to all rooms, game room & extra large sun/party deck and meeting room on its own full city block, 1 block to the beautiful Seaside Beaches and Boardwalk. Can park over 120 Cars off street. This 4 building facility boasts 2 offices w large mgr apartments. Constant updating incl new decks, railings, bathrooms, flooring, doors, windows furniture etc. All rooms also contain fridges and microwaves. Fantastic development opportunity conforming to build 150 room new facility. Also Single family homes Townhouses Condos Run seasonally now w a HUGE Upside potential if run for 52 Weeks.
VALUE ADDED
Owners have hosted large events bringing in additional income above current gross.
Example Wounded warriors program. Motorcycle origination group, Seaside Saint Patriks day parade. Seaside opening day event. etc.
Owners have received consent from the town to be included in the redevelopment program. They have had a rendering done to show the proposed project.
The property currently consists of a full city block with restaurant and bar etc. Call for an appointment to tour the property with myself Bradford Sine and the owners.
Pky Exit 82, 1 Hr from NYC/Philly
Bradford.Sine@gmail.com 732 232 4724
VALUE ADDED SEE BELOW Over 115 Units in great condition incl the largest pool in the city plus a kiddie pool, full size turn key restaurant and Liquor License w new bar and room service to all rooms, game room & extra large sun/party deck and meeting room on its own full city block, 1 block to the beautiful Seaside Beaches and Boardwalk. Can park over 120 Cars off street. This 4 building facility boasts 2 offices w large mgr apartments. Constant updating incl new decks, railings, bathrooms, flooring, doors, windows furniture etc. All rooms also contain fridges and microwaves. Fantastic development opportunity conforming to build 150 room new facility. Also Single family homes Townhouses Condos Run seasonally now w a HUGE Upside potential if run for 52 Weeks.
VALUE ADDED
Owners have hosted large events bringing in additional income above current gross.
Example Wounded warriors program. Motorcycle origination group, Seaside Saint Patriks day parade. Seaside opening day event. etc.
Owners have received consent from the town to be included in the redevelopment program. They have had a rendering done to show the proposed project.
The property currently consists of a full city block with restaurant and bar etc. Call for an appointment to tour the property with myself Bradford Sine and the owners.
Pky Exit 82, 1 Hr from NYC/Philly
PROPERTY FACTS
| Price | $31,738,079 CAD | Lot Size | 1.81 AC |
| Price Per Room | $288,528 CAD | Building Size | 66,012 SF |
| Sale Type | Investment | No. Rooms | 110 |
| Sale Condition | 1031 Exchange | No. Stories | 3 |
| Property Type | Hospitality | Year Built | 1960 |
| Property Subtype | Hotel | Parking Ratio | 1.68/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Price | $31,738,079 CAD |
| Price Per Room | $288,528 CAD |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.81 AC |
| Building Size | 66,012 SF |
| No. Rooms | 110 |
| No. Stories | 3 |
| Year Built | 1960 |
| Parking Ratio | 1.68/1,000 SF |
| Corridor | Exterior |
AMENITIES
- Pool
- Restaurant
- Patio
- On-Site Bar
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 2 | $373.64 CAD | - |
| Guest Room | 108 | $279.87 CAD | - |
Walk Score®
Very Walkable (79)
PROPERTY TAXES
| Parcel Number | 27-00042-0000-00001 | Improvements Assessment | $3,869,613 CAD |
| Land Assessment | $5,101,305 CAD | Total Assessment | $8,970,918 CAD |
PROPERTY TAXES
Parcel Number
27-00042-0000-00001
Land Assessment
$5,101,305 CAD
Improvements Assessment
$3,869,613 CAD
Total Assessment
$8,970,918 CAD
ZONING
| Zoning Code | RB (Regional Business) |
| RB (Regional Business) |
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Hershey Motel | 1415 Boulevard
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