The subject property consists of a motel. It is known as Americana Motel . The 4.36 acre site is improved with a 1 story building that contains 10,173 square feet of gross building area. The subject is a one story motel that contains twenty- nine units' guest rooms, one utility room, a three (3) bedroom manager apartment plus office.

Recently renovated and operating with new management. 17 long term tenants. Summer is typically 100% full. The site is situated along the east side of 925 Lakewood Road (A.K.A. Route 166) in Toms River, Ocean, NJ. It is identified by the Toms River Tax Assessor' s office as Block# 609.01, Lot# 12. The property is located in Census Tract 7228.00. Great additional development opportunity. Accross from new Super Shoprite. Plenty of excess land and additional units needed in the area.

**PLEASE DO NOT DISCUSS ANYTHING WITH MANAGEMENT OR TENANTS***

Additional: :

Additional motel units would be as of right. Multi-family would require a use variance. James Street is zoned MF 8( Multifamily-8). This zone permits 16 bedrooms per acre or an additional 64+ bedrooms as the nearest like kind zoning

The improvements are situated parallel to 925 Lakewood Road (A.K.A. Route 166) and have good exposure. There is a brand new Super Shoprite and Staples center accross the street. Plenty of shopping in walking distance all around.

Cambridge Capital Partners, LLC makes no representations or warranties about the accuracy of the information.

**PLEASE DO NOT DISCUSS ANYTHING WITH MANAGEMENT OR TENANTS***

10%+ Cash on cash with additional development opportunity. Contact Doug Thaler 908-625-9023

Additional information available here http://www.loopnet.com/lid/17252219