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Monaco Motel 4211 Ocean Ave
17 Room Hotel Wildwood, NJ 08260 $6,999,900 ($411,759/Room)
Property Facts
| Price | $6,999,900 | Building Size | 22,673 SF |
| Price Per Room | $411,759 | No. Rooms | 17 |
| Sale Type | Investment | No. Stories | 2 |
| Sale Conditions | Business Value Included | Year Built | 1961 |
| Property Type | Hospitality | Parking Ratio | 1.23/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.14 AC |
| Price | $6,999,900 |
| Price Per Room | $411,759 |
| Sale Type | Investment |
| Sale Conditions | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 22,673 SF |
| No. Rooms | 17 |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.23/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
Amenities
- High Speed Internet Access
- Patio
- Public Access Wifi
About 4211 Ocean Ave , Wildwood, NJ 08260
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. ASSOCIATE DOCS HAVE BUILDING RENDERINGS AND CITY RESOLUTION....
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 17 | $90.00 | - |
PROPERTY TAXES
| Parcel Number | 14-00120-0000-00001 | Improvements Assessment | $260,000 |
| Land Assessment | $350,000 | Total Assessment | $610,000 |
PROPERTY TAXES
zoning
| Zoning Code | TE (Commercial) |
| TE (Commercial) |
Presented by
Monaco Motel | 4211 Ocean Ave
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