1125 Ocean Ave | Ocean City, NJ 08226
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This Hospitality Property is no longer advertised on LoopNet.com.
1125 Ocean Ave
Ocean City, NJ 08226
Tahiti Inn Motel & Apartments+ 2 Parking Lots · Hospitality Property For Sale · 40,000 SF
Investment Highlights
- 3 Large Parcels (4 Lots) totaling approx. One (1) ACRE of prime rare OFF BEACH/BOARDWALK resort location
- Plus Three (3) Developable Lots, currently operating as two large parking lots
- Motel & Apartment Operating Business with 57 Keys (42 Rooms/Suites + 15 Apartments offered at 7% Cap rate
- Motel + Large adjacent parking totals 300 ft of frontage (130 feet deep) - This Large parcel can be subdivided into MULTIPLE duplex or triplex lots
PROPERTY FACTS
Property Type | Hospitality | No. Stories | 3 |
Property Subtype | Hotel | Year Built | 1969 |
Building Class | C | Parking Ratio | 1.15/1,000 SF |
Lot Size | 0.63 AC | Corridor | Exterior |
Building Size | 40,000 SF |
Property Type | Hospitality |
Property Subtype | Hotel |
Building Class | C |
Lot Size | 0.63 AC |
Building Size | 40,000 SF |
No. Stories | 3 |
Year Built | 1969 |
Parking Ratio | 1.15/1,000 SF |
Corridor | Exterior |
Amenities
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
Links
PROPERTY TAXES
Parcel Numbers |
Multiple
|
Improvements Assessment | $1,444,500 |
Land Assessment | $3,315,800 | Total Assessment | $4,760,300 |
PROPERTY TAXES
Parcel Numbers
Multiple
- 08-01101-0000-00009
- 08-01101-0000-00011
Land Assessment
$3,315,800
Improvements Assessment
$1,444,500
Total Assessment
$4,760,300
zoning
Zoning Code | HZ (Hospitality Zone allows for by-right development including, hotel/motel, restaurant, multifamily (Duplex, Triplex, Quad), Mixed use, residential) |
HZ (Hospitality Zone allows for by-right development including, hotel/motel, restaurant, multifamily (Duplex, Triplex, Quad), Mixed use, residential) |
Learn More About Investing in Hospitality Properties
Listing ID: 25971105
Date on Market: 6/19/2022
Last Updated:
Address: 1125 Ocean Ave, Ocean City, NJ 08226
The Hospitality Property at 1125 Ocean Ave, Ocean City, NJ 08226 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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