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$ 3,995,000
Est. payment /mo
Active
201 98th Street Stone Harbor, NJ 08247
UPDATED:
Key Details
Property Type Commercial
Sub Type Motel
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260163
Annual Tax Amount $10,226
Tax Year 2025
Lot Dimensions 60 x 110
Property Sub-Type Motel
Property Description
Rare Opportunity: Profitable Motel with Development Potential in Stone Harbor, New Jersey An exceptional opportunity to acquire a well-established, income-producing motel in the heart of Stone Harbor, one of New Jersey's most exclusive and supply-constrained shore markets. Known for its pristine beaches, upscale atmosphere, and loyal repeat visitors, Stone Harbor continues to command strong seasonal demand with very limited commercial inventory. The property has a proven track record of strong occupancy and consistent cash flow, supported by repeat clientele and peak summer performance. Its prime location offers easy access to the beach, downtown shopping, dining, and local attractions—ensuring continued operational success in the near term. In addition to its current profitability, the property presents a compelling redevelopment or repositioning opportunity. Given Stone Harbor's high land values, strict zoning, and limited availability of developable sites, the property may offer significant long-term upside for a buyer seeking to enhance value through renovation, expansion (subject to approvals), or alternative use. The combination of immediate income and future development potential makes this asset particularly attractive to both investors and developers. Offered as a turnkey operation with meaningful upside, this is a rare chance to secure a strategically located property in one of the Jersey Shore's most desirable and tightly held markets.
Location
State NJ
County Cape May County
Area Stone Harbor
Zoning Com
Location Details Business District
Interior
Hot Water Electric
Heating Electric
Cooling Central Air Conditioning, Multi-Zoned
Exterior
Parking Features Off Street, One Per Unit Motel/Hotel
Building
Lot Description Business District
Story 2
Sewer City
Water City
Others
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Listed by DILLER FISHER REALTORS
Nearby Locations
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