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
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!
More Information MLS# 22329410
Contract Info
Sale: Yes
Lease: No
List Price/SqFt: 424.67
Lease Price: 0
Lease Price Per/SqFt: 0
New Construction: No
Status: Closed
List Date: 2023-10-20
Property Sub-Type: Commercial
Sold Price: $2,750,000
Current Price: $2,750,000
Location
Area/Section: Shn Ocn Bch Ii
Business District: 1
House Number: 204
Street Name: Grand Central
Street Suffix: Avenue
County: Ocean
Municipality: Lavallette Boro (LAV)
Postal City: Lavallette
State: NJ
Zip Code: 08735
Directions: Corner of Kerr Ave. and Grand Central Ave. (35 North)
General Property Info
Handicap Access: No
# Levels: 2
Acreage: 0.23
Lot Dimensions: 100 x 100
Garage: No
# Car Garage: 0
# Parking Spaces: 22
Business Name: Lamplight Motel
Business Operating: Yes
Year Established: 1966
Franchise: No
Farm: No
Apx SqFt: 7062
Tax and Legal
Asmnt - Total: 0
Deed Restricted: No
Special Assessment: No
Taxes: 10881
Tax Year: 2022
Income & Expenses
# Rental Units: 22
Use
Hotel/Motel: 1
Zoning
Commercial: 1
Mixed: 1
Multi-Family: 1
Multi-Use: 1
Neighborhood: 1
Professional: 1
Residential: 1
Single Family: 1
Lot Description
Corner Lot: 1
Fenced/Enclosed Area: 1
Highway Frontage: 1
Level: 1
Floors
Tile: 1
Electric
220 Volts: 1
Basement
Slab: 1
Gas
On Site: 1
Cooling
Other: 1
Water Heater
Multiple: 1
Heating
Other: 1
Water
Public Water: 1
Sewer
Public Sewer: 1
Exterior
Fenced: 1
Lighting: 1
Parking
Off Street: 1
On Site: 1
Assessment Status
Assessed: 1
Financing
Cash: 1
Construction/Siding
Stucco: 1
Roof
Asphalt: 1
Material
Block: 1
Stone: 1
Sale Includes
Business Name: 1
Equipment/Furniture: 1
Inventory: 1
Phone System: 1
Signs: 1
Training by Owner: 1
Documents Available
Financial Statement: 1
Status Change Info
Under Contract Date: 2023-11-16
Sold Date: 2024-01-04
Sold Price: $2,750,000
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.