127 Carteret Avenue, Seaside Heights, NJ 08751
$3,149,900
Property Type:
Commercial
Lot Size (sq. ft.):
16,553
Status:
Active
Current Price:
$3,149,900
List Date:
1/10/2025
Last Modified:
10/17/2025
Description
Northend Hotel and Apartments. 27 motel rooms plus 5 apartments and 2 bedroom owners unit. Plenty of off street parking and large pool. 2 two bedroom apartments and 3 one bedroom units. Strong Annual income. This unique property could be an amazing investment property with Boutique Hotel AirBnb style option. Could build at least 14 condos on the site. Surrounded by new development. Walk to rides, amusements, shopping, Seasides Beautiful New Boardwalk and Beaches ranked in NJ's top 10. 1 hr from NYC, Philly and AC conveniently located off Pky Exit 82
More Information MLS# 22500874
Contract Info
Sale: Yes
Lease: No
Status: Active
List Date: 2025-01-08
Property Sub-Type: Commercial
List Price: $3,149,900
Current Price: $3,149,900
Location
Area/Section: Seaside Heights
Business District: 1
Near Parkway Access: 1
House Number: 127
Street Name: Carteret
Street Suffix: Avenue
County: Ocean
Municipality: Seaside Heights (SEH)
Postal City: Seaside Heights
State: NJ
Zip Code: 08751
Directions: 32 Units including apartments and Hotel Rooms at the Northend of Seaside on the corner of Carteret and Central Ave. 2 Blocks to the beach. Surrounded by New Construction
General Property Info
# Levels: 3
Available SqFt: 16450
Acreage: 0.38
Lot Dimensions: 164.5 x 100
Garage: No
# Car Garage: 0
Business Name: Aire Hotel North Beach
Business Operating: Yes
Apx Year Built: 1970
Tax and Legal
Asmnt - Total: 0
Taxes: 51399
Tax Year: 2024
Income & Expenses
# Rental Units: 32
Financials Per: Year
Gross Income: 510000
Net Operating Income: 257000
Total Expenses: 257000
Use
Apartments: 1
Hotel/Motel: 1
Interior
Fire Alarm: 1
Zoning
Central Business: 1
Condo: 1
Live-in Professional: 1
Mixed: 1
Multi-Family: 1
Neighborhood: 1
Professional: 1
Residential: 1
Single Family: 1
Lot Description
Corner Lot: 1
See Remarks: 1
Sidewalks: 1
Subdividable: 1
Floors
Concrete: 1
Tile: 1
See Remarks: 1
Electric
440 Volts: 1
Basement
Crawl Space: 1
Slab: 1
Gas
On Site: 1
Cooling
Heat Pump: 1
Water Heater
Natural Gas: 1
Heating
See Remarks: 1
Water
Public Water: 1
Sewer
Public Sewer: 1
Exterior
Lighting: 1
Security System: 1
Parking
Lighted: 1
Off Street: 1
On Site: 1
Paved: 1
Assessment Status
Assessed: 1
Construction/Siding
Block: 1
Stucco: 1
Roof
A-Frame: 1
Asphalt: 1
Flat: 1
Sloped: 1
Sale Includes
Equipment/Furniture: 1
Goodwill: 1
Inventory: 1
License: 1
Machinery: 1
Phone System: 1
Signs: 1
Training by Owner: 1
Documents Available
Aerial Photo: 1
Property Features
Location: Business District; Near Parkway Access; Business District; Near Parkway Access
Use: Apartments; Hotel/Motel
Interior: Fire Alarm
Floors: Concrete; Tile; See Remarks
Basement: Crawl Space; Slab
Cooling: Heat Pump
Heating: See Remarks
Water Heater: Natural Gas
Water: Public Water
Sewer: Public Sewer
Gas: On Site
Electric: 440 Volts
Exterior: Lighting; Security System
Parking: Lighted; Off Street; On Site; Paved
Roof: A-Frame; Asphalt; Flat; Sloped
Sale Includes: Equipment/Furniture; Goodwill; Inventory; License; Machinery; Phone System; Signs; Training by Owner
Zoning: Central Business; Condo; Live-in Professional; Mixed; Neighborhood; Professional; Residential; Single Family; Multi-Family
Lot Description: Corner Lot; Sidewalks; Subdividable; See Remarks
Assessment Status: Assessed
Documents Available: Aerial Photo
Listing Office:
Seaside Heights Realty Inc.
Listing Agent:
Michael Loundy
Last Updated: October - 17 - 2025
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Monmouth Ocean Regional REALTORS®, and site contains live data. 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.