4211 Ocean Avenue

$5,500,000, 22,673 Sqft

About This Property

This property comes with plans and Approvals for a 28 Room Hotel at 650 SQ FT per Unit , and 28 parking spots..... In its Present State , This income producing property offers exceptional opportunities. 6 businesses on almost a full CITY BLOCK includes, the Monaco Motel, paid parking lot with over 30 spaces, 5 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 it is only limited to your vision. This is a must tour property to truly see the economic value.

Essential Information

MLS® #222987
Price$5,500,000
Square Footage22,673
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

Cooling

Wall Air Conditioning, Central Air Conditioning

Exterior

ExteriorBlock, Concrete, Wood/Frame
Exterior FeaturesRestrooms, Storage Building

Additional Information

Date ListedSeptember 22nd, 2022
Days on Market6
Zoningcommercial

Listing Details

OfficeCAPE ISLANDS REALTY, LLC

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