450 Madison Avenue, Lakewood, NJ 08701
$1,700,000
Property Type:
Commercial
Status:
Closed
Current Price:
$1,700,000
List Date:
5/02/2017
Last Modified:
1/31/2025
Description
Located on Rt. 9 and in the heart of town - close to shopping and transportation; this motel property is a unique opportunity. Two-story building with 30 guest rooms (single and double) each with a private bathroom and individual ac/heating. Spacious manager's 1 bedroom apartment. Large reception/office area. Separate laundry room. Basement for storage. Zoned ROP.
More Information MLS# 21717002
Contract Info
Sale: Yes
Lease: No
Lease Price: 0
New Construction: No
Status: Closed
List Date: 2017-05-01
Property Sub-Type: Office
Sold Price: $1,700,000
Current Price: $1,700,000
Location
Area/Section: None
House Number: 450
Street Name: Madison
Street Suffix: Avenue
County: Ocean
Municipality: Lakewood (LKW)
Postal City: Lakewood
State: NJ
Zip Code: 08701
Directions: Madison Avenue/Route 9 to corner 5th Street (Grand Motel)
General Property Info
# Levels: 2
Lot Dimensions: 150 x 150
Garage: No
# Car Garage: 0
Apx Year Built: 1960
Tax and Legal
Asmnt - Total: 2532100
Taxes: 51167
Tax Year: 2016
Use
Automobile S: 1
Bank: 1
Bed & Breakfast: 1
Boarding Home: 1
Church: 1
Hotel/Motel: 1
Medical: 1
Professional Service: 1
Professional/Office: 1
Other: 1
Zoning
Conforming Use: 1
Multi-Family: 1
Office: 1
Professional: 1
Residential: 1
Single Family: 1
Lot Description
Corner Lot: 1
Level: 1
Electric
200 - 400 AMP: 1
Gas
At Street: 1
Cooling
Window Unit(s): 1
Water Heater
Oil: 1
Heating
Electric: 1
Oil Above Ground: 1
Water
Public Water: 1
Sewer
Public Sewer: 1
Parking
Lighted: 1
On Site: 1
Paved: 1
Assessment Status
Assessed: 1
Roof
Shingle: 1
Sloped: 1
Status Change Info
Under Contract Date: 2017-10-26
Sold Date: 2018-03-23
Sold Price: $1,700,000
Property Features
Use: Automobile S; Bank; Bed & Breakfast; Boarding Home; Church; Hotel/Motel; Medical; Professional Service; Professional/Office; Other
Cooling: Window Unit(s)
Heating: Electric; Oil Above Ground
Water Heater: Oil
Water: Public Water
Sewer: Public Sewer
Gas: At Street
Electric: 200 - 400 AMP
Parking: Lighted; On Site; Paved
Roof: Shingle; Sloped
Zoning: Conforming Use; Office; Professional; Residential; Single Family; Multi-Family
Lot Description: Corner Lot; Level
Assessment Status: Assessed
Listing Office:
Waxman Realty
Listing Agent:
Blima Goldberger
Last Updated: January - 31 - 2025
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