5006 Ocean Avenue

$499,900

About This Property

Motel Investment Opportunity! Directly on Ocean Avenue with tremendous ocean and boardwalk views, this is the perfect starter motel! This property offers amazing ocean views from the oversized sundeck and all upper level units, with a total of 9 units with a breakdown as follows: 2 motel units (no kitchen), 1 motel unit with kitchen, and 6 two room efficiencies with kitchens. In addition there is a spacious owners quarters with living room/sleeping area, eat in kitchen, complete with laundry, utility room and storage, and heat. The location is highly desirable - the Sea Ray Motel is situated between Hand and Leaming Avenues, just south of Rio Grande Avenue, and very close to Wildwood Crest, the Wildwood Convention Center, and many more attractions. There is no need to worry about parking as the property has 9 off street parking spaces. Don't miss this well priced opportunity! Seller is conveying property "as is".

Essential Information

MLS® #200711
Price$499,900
TypeCommercial/Industrial
Sub-TypeMotel
StatusACTIVE

Community Information

Address5006 Ocean Avenue
AreaWildwood
CityWildwood
StateNew Jersey

Amenities

ViewWater View

Interior

HeatingNo Heating
CoolingWall Air Conditioning
# of Stories2

Interior Features

Living Space Available, Smoke/Fire Alarm

Exterior

ExteriorBrick Face
Exterior FeaturesSign, Fence

Additional Information

Date ListedFebruary 17th, 2020
Days on Market47
ZoningHM

Listing Details

OfficeLEES REAL ESTATE

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Cape May, NJ
08204

Office: 609.884.3332

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