4211 Ocean Avenue

$3,989,000

About This Property

This income producing property offers exceptional opportunities. 5 businesses on almost a full CITY BLOCK includes, the Monaco Motel, paid parking lot with over 30 spaces, four boardwalk stores (same block as the famous Mack's Pizza). The motel is the first beachside motel located 1 block from the Wildwood Convention Center and offers income and potential galore with 17 well kept rooms and a 2 bedroom, 1 1/2 bath, full kitchen, year round heated owners quarters, plus 1 year round heated motel room, laundry facilities, storage and parking. The boardwalk stores are fully rented with great rental income. Restaurant "The White Dolphin" includes 2 full kitchens, 1 kitchen is on the main floor of the eatery, the 2nd is in full size basement along with huge walk-in refrigerator and freezer, and a spacious office to keep all affairs in order. Top floor of the Restaurant there is a 1,000 sq. ft. 4 bed 2 bath apartment. "Fruit and Scoop" is a large Ice Cream and food service store." The Game" has a few classic boardwalk games of chance to challenge you skills. All businesses are separately metered, tenants pay all utilities. Agent has all lease information on file. The big Corner boardwalk business ," The Grandview" 4000 sq. ft., besides the giant retail space, it includes a 2500 sq. ft. 2 bedroom, 2 bath year round apartment with breathtaking views. The Potential development of this massive property is only limited to your vision. This is a must tour property to truly see the economic value.

Essential Information

MLS® #184973
Price$3,989,000
TypeCommercial/Industrial
Sub-TypeCommercial/Industrial
StatusACTIVE

Community Information

Address4211 Ocean Avenue
AreaWildwood
CityWildwood
StateNew Jersey

Amenities

ViewWater View
Is WaterfrontYes
WaterfrontBeach Front, Water Front

Interior

Interior Features220 Volt Electricity
HeatingGas Natural
CoolingWall Air Conditioning
# of Stories3

Exterior

Exterior FeaturesRestrooms, Storage Building

Exterior

Block, Wood/Frame, Other (See Remarks)

Additional Information

Date ListedOctober 26th, 2018
Days on Market204
Zoningcomm

Listing Details

OfficeCAPE ISLANDS REALTY, LLC

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Cape May, NJ
08204

Office: 609.884.3332

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