$2,750,000
$2,999,000
8.3%For more information regarding the value of a property, please contact us for a free consultation.
204 Grand Central Avenue Lavallette, NJ 08735
7,062 SqFt
Key Details
Sold Price $2,750,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 7,062 sqft
Price per Sqft $389
Municipality Lavallette Boro (LAV)
MLS Listing ID 22329410
Sold Date 01/04/24
Annual Tax Amount $10,881
Tax Year 2022
Lot Size 10,018 Sqft
Acres 0.23
Lot Dimensions 100 x 100
Property Sub-Type Commercial
Source MOREMLS (Monmouth Ocean Regional REALTORS®)
Property 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!
Location
State NJ
County Ocean
Area Shn Ocn Bch Ii
Direction Corner of Kerr Ave. and Grand Central Ave. (35 North)
Rooms
Basement Slab
Interior
Heating Other
Cooling Other
Flooring Tile
Fireplaces Number 1966
Exterior
Exterior Feature Fenced, Lighting
Parking Features Off Street, On Site
Roof Type Asphalt
Private Pool No
Building
Lot Description Level, Fenced/Enclosed Area, Highway Frontage, Corner Lot
Sewer Public Sewer
Water Public
Structure Type Fenced,Lighting
New Construction No
Others
Senior Community No
Tax ID 16-00029-01-00003
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Bought with Griffin Realty