201 98th Street

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201 98th Street

Stone Harbor, NJ 08247
Asking Price
Contact for price
Asset Type
Motel Hospitality
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Motel asset located at 201 98th Street in Stone Harbor.
  • Property situated within the seasonal Jersey Shore hospitality market.
  • Coastal location provides accessibility for regional tourism and seasonal visitors.
  • Asset category includes hospitality real estate for potential business operations.
  • Stone Harbor location is situated on a popular barrier island.

What's Special

The hospitality property at 201 98th Street in Stone Harbor, New Jersey, functions as a motel within this coastal community. Stone Harbor is situated on Seven Mile Island, attracting seasonal visitors to its barrier island environment and residential-focused seaside atmosphere. The local economy relies heavily on tourism, leisure, and summer hospitality cycles typical of the Jersey Shore region. As a coastal motel asset, this property provides functional accommodations for short-term stays, weekend travelers, and seasonal vacationers looking for access to regional beaches and local amenities. Investors and business operators in the hospitality sector may find utility in the property for continued motel operations or potential redevelopment consistent with local zoning and the surrounding seaside landscape. The location benefits from its proximity to primary coastal thoroughfares, facilitating access for regional traffic traveling along the South Jersey coastline throughout the peak summer months.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

Location & Travel Times