Atlantic Motel

217 Broadway Point Pleasant Beach, NJ 08742

217 Broadway, Point Pleasant Beach, NJ, 08742
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FOR SALE
Property Type:
Motel
Amount:
$7,900,000
Last Verified:
Jul 31, 2026

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Highlights

  • This well-established motel offers approximately 50 guest rooms across two stories, featuring a mix of double, queen, and king configurations. Standout amenities include one of the largest seasonal outdoor swimming pools in Point Pleasant Beach, free on-site parking, and complimentary WiFi.
  • The Atlantic Motel operates as a turnkey, cash-flowing business with a proven track record of occupancy, particularly during the peak summer months. Its family-friendly atmosphere, consistent maintenance, and desirable location support reliable revenue streams from nightly and weekly stays. Free beach passes and the standout pool enhance guest appeal and competitiveness in the local market. The property benefits from strong repeat visitation and positive reviews for cleanliness and convenience, positioning it for stable NOI and potential upside through operational enhancements, extended shoulder seasons, or minor renovations.
  • Beyond its current use as a successful motel, the site offers compelling redevelopment opportunities. The generous lot size and prominent Broadway location provide a platform for higher-density hospitality, mixed-use, or boutique concepts that capitalize on the area’s tourism-driven economy. Opportunities may include modernizing the existing structure, expanding amenities, or pursuing entitlements for new construction aligned with the borough’s vision for the Broadway corridor.
  • The property is zoned Resort Commercial (RC), which explicitly supports hotels, motels, and related hospitality uses. This zoning district accommodates tourist-oriented development and includes provisions for restaurants (with conditions) and other compatible amenities, making it ideal for both continued operation and thoughtful redevelopment.
  • In summary, the Atlantic Motel represents an exceptional opportunity to acquire a performing hospitality asset in a high-demand Shore market, with immediate income potential and significant upside for value-add improvements or repositioning. Its location, amenities, and RC zoning create a rare combination of stability today and growth tomorrow in one of New Jersey’s most beloved beach communities.

Description

A premier income-producing hospitality asset in one of New Jersey’s most iconic Jersey Shore destinations. Ideal for owner-operators, hospitality investors, or developers seeking a prime Jersey Shore foothold.

Strategically located on Broadway, the property sits within easy walking distance to the vibrant boardwalk, Jenkinson's Aquarium, restaurants, shops, and the Atlantic Ocean. This prime position captures both seasonal beach traffic and year-round visitors drawn to the town’s attractions.

Building Size: 20890sq ft
Lot Size: 0.86 acres


Documents

Point Pleasant Beach 217 Broadway Atlantic Motel Sale Brochure
Atlantic Motel CA.pdf

Map of 217 Broadway, Point Pleasant Beach, NJ, 08742

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.