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1505 N Ocean Avenue

Seaside Park, NJ 08752
  • $9,200,000
  • STATUS: Active
  • ON SITE: 281 Days
  • MLS #: 22139393
UPDATED: 49 min ago
$9,200,000
  • 0
    BEDS
  • 0.53
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Description

Amazing oceanfront commercial /development opportunity in Seaside Park! Benefit from the best location moments to the boardwalk and sandy beach, and incredible potential on the coveted Jersey Shore. Now available for sale and occupying an entire oceanfront block, The Desert Palm Inn is presently operating as a 51-room motel/hotel complete with 51 parking spaces, an in-ground pool, a manager's apartment, and laundry facilities. The unique property is ideal for the investor to own as is or seasoned developer seeking prime real estate to build desirable condominiums or oceanfront homes. The building is in excellent well-maintained condition with comfortable, generously-sized rooms featuring outdoor decks, ocean views, hardwood floors, AC units, legal heat, TV's, nicely tiled full baths andmore. Seize a rare offering with many possibilities, right on the Seaside Park oceanfront!

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© 2022 Monmouth-Ocean MLS. 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. Data is deemed reliable but is not guaranteed accurate by the MLS or Gloria Nilson & Co Real Estate. Data last updated 2022-10-01T16:21:47.763.
www.homesandlandnj.com/homes/124269114
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1505 N Ocean Avenue Seaside Park, NJ 08752

  • Price: $9,200,000
  • Status: Active
  • On Site: 281 Days
  • Updated: 49 min ago
  • MLS #: 22139393
0
Beds
0
Baths
0
½ Baths
0.53
Acres
Neighborhood:
Seaside Park (SEP)
County:
Ocean
Area:
Seaside Park (SEP)
Property Description
Amazing oceanfront commercial /development opportunity in Seaside Park! Benefit from the best location moments to the boardwalk and sandy beach, and incredible potential on the coveted Jersey Shore. Now available for sale and occupying an entire oceanfront block, The Desert Palm Inn is presently operating as a 51-room motel/hotel complete with 51 parking spaces, an in-ground pool, a manager's apartment, and laundry facilities. The unique property is ideal for the investor to own as is or seasoned developer seeking prime real estate to build desirable condominiums or oceanfront homes. The building is in excellent well-maintained condition with comfortable, generously-sized rooms featuring outdoor decks, ocean views, hardwood floors, AC units, legal heat, TV's, nicely tiled full baths andmore. Seize a rare offering with many possibilities, right on the Seaside Park oceanfront!
Exterior Features

Garage No Lot Description Irregular LotOceanfront Lot Dimensions 200 X 115 Parking Driveway Off StreetOn SiteOpenPaved Parking Spaces 51.00 Water Type OceanfrontOceanview

Interior Features

Heat AC Window Unit(S) Heat Fuel Electric Interior Fire Alarm Rental Units 51 Sq Ft Available For Lease 12718.0000 Water Heater Tank

Property Features

Assessment Land 1135100.00 Assessment Status Assessed Assessment Total 2693400.00 Business Name Desert Palm Business Operating Yes Commercial Type Commercial Deed Restrictions No Electric1 220 Volt Financials Per Year Gas On Site Improvements Assessment 1558300.00 Lease No New Construction No Sale Yes Sale Includes Business NameEquipment/FurnitureGoodwillPhone SystemSigns Sewer Public Sewer Tax Year 2021 Taxes 40913.00 Use ApartmentsBed/BreakfastHotel/MotelProfessional/OfficeRestaurantRetailShopping Center/Mall Water Public Water Zoning Commercial

Listing information © 2022 Monmouth-Ocean MLS. Listing provided courtesy of Anthony Conselice of Arthur Rue Agency: (732) 793-0473.


© 2022 Monmouth-Ocean MLS. 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. Data is deemed reliable but is not guaranteed accurate by the MLS or Gloria Nilson & Co Real Estate. Data last updated 2022-10-01T16:21:47.763.
 
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Gloria Nilson & Co Real Estate
110 Avenue Of Two Rivers
Rumson NJ, 07760