4211 Ocean Ave - Hospitality FOR SALE


Wildwood, NJ 08260
$5,999,000 USD
609-780-5355
4211 Ocean Ave, Wildwood, NJ for Sale
$5,999,000 USD
Hospitality - FOR SALE
1/10
null | Request Cap Rate

4211 Ocean Ave
Wildwood, NJ 08260


HIGHLIGHTS

  • Beach Block Motel
  • Beachfront Stores
  • Parking Lot

OVERVIEW

Beachfront Stores, Beach Block Motel and Parking Lot which consists of a 17 Unit Motel w/ a additional 2 bedroom owners quarters, 4 Boardwalk Stores which are leased, and a 29-spot parking lot existing. Property has building approvals and CAFRA approvals for a 4-Story, 30 unit hotel building with parking garage, hotel lobby, with boardwalk stores. (Artistic Renderings in Associated Docs.) New units will be approximately 650 sq. ft., one-bedroom units w/pool. Current Valid CAFRA permit obtained along with "City Approved Resolution" for the 30 units. ASSOCIATED DOCS HAVE BUILDING RENDERINGS AND CITY RESOLUTION...

FOR SALE DETAILS

PRICE

$5,999,000 USD

PRICE/SF

$265 USD /SF

# OF ROOMS

17

PRICE/ROOM

$352,882 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Monaco Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1961

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,998 SF

ZONING

TE

APN/PARCEL ID

14-00120-0000-00001

ASK ABOUT THIS PROPERTY

Fred DiAntonioCape May Commercial - The DiAntonio GroupMore Info
609-780-5355

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Fred DiAntonioCape May Commercial - The DiAntonio GroupMore Info
609-780-5355

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.