204 Grand Central Avenue, Lavallette, NJ 08735
$2,750,000
Property Type:
Commercial
Square Footage:
7,062
Lot Size (sq. ft.):
10,019
Status:
Closed
Current Price:
$2,750,000
List Date:
10/20/2023
Last Modified:
2/17/2025
Overview
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!
Listing Details MLS# 22329410
Contract Info
- Property Sub-Type
- Commercial
- Sale
- Yes
- Lease
- No
- List Price/SqFt
- 424.67
- New Construction
- No
- Lease Price
- 0
- Lease Price Per/SqFt
- 0
Location
- House Number
- 204
- Street Name
- Grand Central
- Street Suffix
- Avenue
- County
- Ocean
- Municipality
- Lavallette Boro (LAV)
- Postal City
- Lavallette
- State
- NJ
- Zip Code
- 08735
- Area/Section
- Shn Ocn Bch Ii
- Directions
- Corner of Kerr Ave. and Grand Central Ave. (35 North)
- Business District
- Yes
General Property Info
- Handicap Access
- No
- # Levels
- 2
- Apx SqFt
- 7062
- Garage
- No
- # Parking Spaces
- 22
- Acreage
- 0.23
- Lot Dimensions
- 100 x 100
- Business Name
- Lamplight Motel
- Business Operating
- Yes
- Year Established
- 1966
- Franchise
- No
- Farm
- No
- # Car Garage
- 0
Tax and Legal
- Deed Restricted
- No
- Special Assessment
- No
- Taxes
- 10881
- Tax Year
- 2022
- Asmnt - Total
- 0
Status Change Info
- Under Contract Date
- 2023-11-16
- Sold Date
- 2024-01-04
Income & Expenses
- # Rental Units
- 22
More Information
Use
- Hotel/Motel
- Yes
Zoning
- Commercial
- Yes
- Mixed
- Yes
- Multi-Family
- Yes
- Multi-Use
- Yes
- Neighborhood
- Yes
- Professional
- Yes
- Residential
- Yes
- Single Family
- Yes
Lot Description
- Corner Lot
- Yes
- Fenced/Enclosed Area
- Yes
- Highway Frontage
- Yes
- Level
- Yes
Floors
- Tile
- Yes
Electric
- 220 Volts
- Yes
Basement
- Slab
- Yes
Gas
- On Site
- Yes
Cooling
- Other
- Yes
Water Heater
- Multiple
- Yes
Heating
- Other
- Yes
Water
- Public Water
- Yes
Sewer
- Public Sewer
- Yes
Exterior
- Fenced
- Yes
- Lighting
- Yes
Parking
- Off Street
- Yes
- On Site
- Yes
Assessment Status
- Assessed
- Yes
Financing
- Cash
- Yes
Construction/Siding
- Stucco
- Yes
Roof
- Asphalt
- Yes
Material
- Block
- Yes
- Stone
- Yes
Sale Includes
- Business Name
- Yes
- Equipment/Furniture
- Yes
- Inventory
- Yes
- Phone System
- Yes
- Signs
- Yes
- Training by Owner
- Yes
Documents Available
- Financial Statement
- Yes
Property Features
Location:
Business District; Business District
Use:
Hotel/Motel
Floors:
Tile
Basement:
Slab
Cooling:
Other
Heating:
Other
Water Heater:
Multiple
Water:
Public Water
Sewer:
Public Sewer
Gas:
On Site
Electric:
220 Volts
Exterior:
Fenced; Lighting
Parking:
Off Street; On Site
Roof:
Asphalt
Material:
Block; Stone
Sale Includes:
Business Name; Equipment/Furniture; Inventory; Phone System; Signs; Training by Owner
Zoning:
Commercial; Mixed; Multi-Use; Neighborhood; Professional; Residential; Single Family; Multi-Family
Lot Description:
Corner Lot; Fenced/Enclosed Area; Highway Frontage; Level
Assessment Status:
Assessed
Documents Available:
Financial Statement
Financing:
Cash
Listing Office:
Keller Williams Shore Properties
Listing Agent:
Brendan Pierce
Last Updated: February - 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.