217 Broadway
- This well-established motel offers approximately 50 guest rooms across two stories, featuring a mix of double, queen, and king configurations. Standout amenities include one of the largest seasonal outdoor swimming pools in Point Pleasant Beach, free on-site parking, and complimentary WiFi.
- The Atlantic Motel operates as a turnkey, cash-flowing business with a proven track record of occupancy, particularly during the peak summer months. Its family-friendly atmosphere, consistent maintenance, and desirable location support reliable revenue streams from nightly and weekly stays. Free beach passes and the standout pool enhance guest appeal and competitiveness in the local market. The property benefits from strong repeat visitation and positive reviews for cleanliness and convenience, positioning it for stable NOI and potential upside through operational enhancements, extended shoulder seasons, or minor renovations.
- Beyond its current use as a successful motel, the site offers compelling redevelopment opportunities. The generous lot size and prominent Broadway location provide a platform for higher-density hospitality, mixed-use, or boutique concepts that capitalize on the area’s tourism-driven economy. Opportunities may include modernizing the existing structure, expanding amenities, or pursuing entitlements for new construction aligned with the borough’s vision for the Broadway corridor.
- The property is zoned Resort Commercial (RC), which explicitly supports hotels, motels, and related hospitality uses. This zoning district accommodates tourist-oriented development and includes provisions for restaurants (with conditions) and other compatible amenities, making it ideal for both continued operation and thoughtful redevelopment.
- In summary, the Atlantic Motel represents an exceptional opportunity to acquire a performing hospitality asset in a high-demand Shore market, with immediate income potential and significant upside for value-add improvements or repositioning. Its location, amenities, and RC zoning create a rare combination of stability today and growth tomorrow in one of New Jersey’s most beloved beach communities.
Property Description
A premier income-producing hospitality asset in one of New Jersey’s most iconic Jersey Shore destinations. Ideal for owner-operators, hospitality investors, or developers seeking a prime Jersey Shore foothold.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Hospitality |
| No. of Units: | 49 |
| Lot Size: | 0.86 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout