800-814 Atlantic Ave

Estimated Monthly Payment: $36,025/mo 800-814 Atlantic Ave, Ocean City, NJ 08226 MLS# 491707 Listing Status: Active
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REMARKS:

The Center of It All! Located right in the heart of town, this is a once in a lifetime opportunity to own one of the few traditional motels in Ocean City, NJ. Lovingly built and still owned by the same family, this property consists of three parcels; a motel, 2 apartment buildings and an additional adjacent parking lot. The property offers a large, newly renovated lobby with high quality finishes, a quartz counter, and 55 guest rooms, three 2 bedroom apartments, and two 1 bedroom suites, all with tiled bathrooms. Guests enjoy a sparkling pool, a baby pool, two outdoor showers with changing rooms, and two sundecks. There is also a newly renovated bakery, new insulated wi-fi system and new roof on the main hotel and apartment building. The hotel has its own commercial on-site laundry facility to handle the hotel linens. There is plenty of off-street parking for each room plus overflow parking! Your guests can park their cars and walk or bike to all that Ocean City has to offer. You will enjoy the long standing sterling reputation and excellent income that this business provides.

OVERVIEW:

Active
Commercial, Motel
Ocean City/Central
Block, Brick
Flat
11 or More Spaces, Off Street, One per Unit Motel/Hotel, Other (See Remarks)
Wall Units
Public
Public Sewer
100 x 275, 50 x 75, 49x74

FEATURES:

Business District, Corner, Boardwalk Area
Carpet-Wall to Wall, Concrete
Fire Sprinkler System, Smoke/Fire Alarm
Swimming Pool

FINANCIAL:

$7,900,000

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of LONG AND FOSTER REAL ESTATE INC-Ocean City, West Ave

 

Information Deemed Reliable But Not Guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Keller Williams Atlantic County shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

 

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