435 Absecon Blvd, Absecon

The Sunrise Motel redevelopment represents a high-upside, near-complete motel-to-multifamily conversion opportunity along the Absecon Blvd corridor, with approximately 7585% 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 requiredonly 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

This listing is provided courtesy of GRACE PROPERTIES