Seaside Sands Inn Seaside Heights, NJ

Seaside Sands Inn Seaside Heights, NJ

Price : $1,450,000

This attractive and well located limited service 22 keys totally renovated independent motel is located a block away from sandy beaches of Atlantic Ocean in NJ. Seaside Heights is a popular destination for tourist coming from New Jersey, Pennsylvania, Delaware and Maryland. With direct access to the ocean and the beaches, the property is very popular with surfers and beachgoers. The property is absentee owner and managed by a General Manager living on site. The property was completely overhauled by the current ownership in 2013 after hurricane Katrina. A spacious owner living quarters makes this property an ideal for owner operator, retired couple etc. Since the overhaul of the property the revenues has been rapidly growing. The 2015 revenues were in excess of $300 K. The revenues are likely to increase further in 2016 and beyond. The property offers a great upside potential to an onsite owner operator not only to increase the revenues but also reduce the expenses. It is entirely possible to achieve a net profit of $100K after mortgage.