4711 Atlantic Ave - Hospitality FOR SALE


Wildwood, NJ 08260 | 
$5,199,900 USD
609-780-5355
4711 Atlantic Ave, Wildwood, NJ for Sale
$5,199,900 USD
Hospitality - FOR SALE
1/36
null | Request Cap Rate

4711 Atlantic Ave
Wildwood, NJ 08260


OVERVIEW

Welcome to the El Ray Motel, a classic Wildwood destination ideally located just one block from the beach and world-famous WildwoodBoardwalk. Positioned on Atlantic Avenue near the Wildwoods Convention Center, this well-known Motel & Restaurant property offers theperfect location for enjoying everything the Jersey Shore has to offer. The El Ray features 38 guest rooms, including owners quarters withvarious (6) six styles of rooms which consist of 21 motel rooms, 2 large motel rooms, 7- 2 room efficiencies and 7-1 room efficiencies with private balconies. There is a newly renovated 2 bedroom suite. Additional Restaurant Onsite, with Commercial Hood & Grill, Pizza Ovens with seating for inside & out. Guests can enjoy an outdoor swimming pool, (2) two sun decks, on-site parking, and a convenient BBQ/picnic area. Many rooms are equipped with refrigerators and microwaves, providing added comfort for families and extended stays. A wonderful opportunity to own a piece of the Wildwood experience in one of the Shore’s most sought-after locations. Appointment necessary with 48 hour notice.

FOR SALE DETAILS

PRICE

$5,199,900 USD

PRICE/SF

$565 USD /SF

# OF ROOMS

37

PRICE/ROOM

$140,538 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

El Ray Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,999 SF

ZONING

HM

APN/PARCEL ID

14-00063-0000-00001

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.