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Monaco Motel 4211 Ocean Ave 17 Room Hotel Wildwood, NJ 08260 $5,999,000 ($352,882/Room)
Investment Highlights
- Beach Block Motel
- Parking Lot
- Beachfront Stores
Executive Summary
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...
Property Facts
| Price | $5,999,000 | Building Size | 22,673 SF |
| Price Per Room | $352,882 | No. Rooms | 17 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1961 |
| Property Subtype | Hotel | Parking Ratio | 1.23/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.14 AC | Opportunity Zone |
Yes
|
| Zoning | TE - Commercial | ||
| Price | $5,999,000 |
| Price Per Room | $352,882 |
| Sale Type | Investment |
| 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 |
| Zoning | TE - Commercial |
Amenities
- High Speed Internet Access
- Patio
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 17 | $90.00 | - |
1 1
Walk Score®
Very Walkable (77)
Property Taxes
| Parcel Number | 14-00120-0000-00001 | Improvements Assessment | $260,000 |
| Land Assessment | $350,000 | Total Assessment | $610,000 |
Property Taxes
Parcel Number
14-00120-0000-00001
Land Assessment
$350,000
Improvements Assessment
$260,000
Total Assessment
$610,000
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Monaco Motel | 4211 Ocean Ave
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