Another Seaside Heights motel is eyeing an exit, pitching the property to prospective buyers as an opportunity to “undercut” the rental market by offering at least 14 studio-sized units that could be rented out seasonally or otherwise.
The Sunburst Motel, which spans two contiguous lots – one on the Boulevard and one around the street corner on Hancock Avenue – has been listed for sale for $4.75 million. Its former neighbor, the Coral Sands Motel, has already been demolished and replaced with a 15-unit condominium complex that was built from the ground-up.
While no formal proposals have been floated to replace the Sunburst, the property is being marketed as an opportunity to keep the building standing and maintaining 14 studio apartment-sized units.
“This property could be potentially converted from its status as a motel to a 14-unit condo complex or run as separate Airbnb rentals,” a marketing deck posits. “The property has 15 total units with 14 which are one-bedroom studio apartments.”
A full-size apartment is also present on the ground floor, which could be utilized as a manager’s residence. The marketing deck pitches the building as a “prime property for undercutting the current condo market here in Seaside Heights.”
A new owner would not be obligated to continue running the business as is – or in any other form – and could conceivably propose demolition and new development on the site. The two buildings that make up the property total a combined 14,500 square feet, having been built in 1984. The parcels equal a little more than a quarter-acre of the land.
The property is being marketed by Robert Heffernan, the motel’s current owner.
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