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Beach Terrace Motor Inn 3400 Atlantic Ave 78 Room Hotel Wildwood, NJ 08260 $10,999,000 ($141,013/Room)
EXECUTIVE SUMMARY
Beach Terrace Motel in the heart of the Entertainment District on the Island of Wildwood. The property consists of 78 units which all are 2 room suites with 24 efficiencies. Included is a full service Restaurant/Bar with Liquor License which seats 186 plus additional 399 seating for the restaurant. There is Pool, 2 elevators, Large Patio Deck, Cameras, Bar, Laundry etc. and Large Lobby. This location is front and center with all units directly across from the Beach & World Famous Boardwalk. Truly an exceptional piece of property with each unit having endless shore views. Ample Parking with total parking for approximately 160 cars. Recent Renovations: (2) New Elevators w/ cabs, steel work, and precast. Appointment necessary.
PROPERTY FACTS
| Price | $10,999,000 | Building Size | 31,687 SF |
| Price Per Room | $141,013 | No. Rooms | 78 |
| Sale Type | Investment | No. Stories | 5 |
| Property Type | Hospitality | Year Built | 1974 |
| Property Subtype | Hotel | Parking Ratio | 3.23/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 0.64 AC | Opportunity Zone |
Yes
|
| Zoning | TE | ||
| Price | $10,999,000 |
| Price Per Room | $141,013 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.64 AC |
| Building Size | 31,687 SF |
| No. Rooms | 78 |
| No. Stories | 5 |
| Year Built | 1974 |
| Parking Ratio | 3.23/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | TE |
AMENITIES
- Balcony
- Pool
- Restaurant
- High Speed Internet Access
- On-Site Bar
- Public Access Wifi
- Fully-Equipped Kitchen
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 78 | $151.00 | - |
1 1
Walk Score®
Very Walkable (84)
PROPERTY TAXES
| Parcel Number | 14-00186-0000-00001 | Improvements Assessment | $3,970,000 |
| Land Assessment | $1,450,000 | Total Assessment | $5,420,000 |
PROPERTY TAXES
Parcel Number
14-00186-0000-00001
Land Assessment
$1,450,000
Improvements Assessment
$3,970,000
Total Assessment
$5,420,000
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Beach Terrace Motor Inn | 3400 Atlantic Ave
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