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$349,000
Est. payment /mo
16 Baths
1.26 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 606901
Year Built 1980
Annual Tax Amount $10,500
Tax Year 2025
Lot Size 1.260 Acres
Property Description
The Sunrise Motel redevelopment represents a high-upside, near-complete motel-to-multifamily conversion opportunity along the Absecon Blvd corridor, with approximately 75–85% of construction completed toward a 16-unit layout (15 one-bedroom units and one two-bedroom apartment). The prior owner incurred over $50,000 in fines and violations due to improper permitting; all fines and violations have since been fully mitigated and reduced to zero (see attached documentation). The new owner will be able to utilize permits currently being reapplied for following the building department inspection scheduled for May 11, 2026, which will reinitiate the permitting process. Legal counsel is actively preparing a comprehensive zoning submission package, including architectural renderings and a formal proposal to convert the asset into a specialty housing model such as veterans or 55+ housing. No approvals have been granted to date, and all entitlements remain in the pre-approval phase, with a zoning hearing anticipated in July 2026. If the property is to be kept as a hospitality/motel use, no additional approvals are required—only a new Certificate of Continued Occupancy (CCO) upon project completion. Video Tour Below: https://drive.google.com/file/d/1jKUI6eT_Sbyt5OPDb1lmf-g0rlV948cp/view?usp=sharing Picture Package: https://drive.google.com/file/d/14-0IAcnFgW0EtB_sTNES-g0Iiw7RsMsL/view?usp=sharing All information is deemed reliable but not guaranteed. Please perform your own due diligence Unit Breakdown & Building Area Summary Sunrise Project – 435 E Absecon Blvd, Absecon, NJ One-Bedroom Units (16 Total – Estimated) • Unit Type: 1 Bedroom / 1 Bathroom with kitchenette • Bedroom/Living Area (Est.): 12' × 16' ˜ 192 SF • Bathroom (Est.): 5' × 8' ˜ 40 SF ?? Estimated Total per Unit: ~230 SF ?? Estimated Total (16 Units): ~2,800 – 2,900 SF Two-Bedroom Apartment (1 Unit – Estimated) • Bedroom 1 (Est.): 9' × 12' • Bedroom 2 (Est.): 9' × 16' • Bathroom (Est.): 8' × 5' • Living Room (Est.): 9' × 12' • Kitchen (Est.): 8' × 9' ?? Estimated Apartment Living Area: ~450 – 500 SF Additional Spaces (Estimated) • Office (Est.): 10' × 15' • Utility / Support Space: Included (estimated within total) Total Building Area (Estimated) ?? Estimated Total Living & Functional Space: ~3,400 – 3,600 SF
Location
State NJ
County Atlantic
Community Absecon
Area Absecon City
Building
Story 1
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Listed by GRACE PROPERTIES
Nearby School & Business
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Joseph Asterino
Broker Associate | License ID: AB066344
Broker Associate License ID: AB066344