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Beach Haven Boutique Hotel ~ $2,375,000
MLS #4028541  |  VIRTUAL TOUR #1707126
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5,447 SQ FT
Property Details
List Price $2,375,000
MLS Number 4028541
Square Feet 5,447
Lot Size 54 x 100
Area Beach Haven
Description
Rare and intriguing business opportunity in Long Beach Island's Queen City, Beach Haven, NJ. Beautifully restored 1890's Victorian, morphed to boutique hotel, with relaxing beach vibe unique to LBI. Located right in the town's historic district, amid vintage homes, this hotel is just steps to the famous white sand beaches of LBI, and a short stroll to various dining venues, concerts in the park, Surflight Theater, island shopping, and family activities. The hoteliers built the business into a profitable seasonal hotel, with strong branding, unique product development, comprehensive strategic marketing plan, and strong web and social media presence, resulting in an impressive 10% annual cap rate. The 5,500 sq. ft. facility is comprised of 10 units (studios, one room efficiencies and two room suites-all with private baths), an owner/manager apartment w/private deck, a large"L" shaped enclosed wrap-around porch & lounge area, three patios, and a detached shop/utility building. This is a fully equipped turn-key operation, with annual exponential growth. Live and work at the shore.
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