1125 Ocean Ave | Ocean City, NJ 08226
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
1125 Ocean Ave
Ocean City, NJ 08226
Tahiti Inn Motel & Apartments+ 2 Parking Lots · Hospitality Property For Sale · 40,000 SF
Investment Highlights
- 3 Large Parcels (4 Lots) totaling approx. One (1) ACRE of prime rare OFF BEACH/BOARDWALK resort location
- Plus Three (3) Developable Lots, currently operating as two large parking lots
- Motel & Apartment Operating Business with 57 Keys (42 Rooms/Suites + 15 Apartments offered at 7% Cap rate
- Motel + Large adjacent parking totals 300 ft of frontage (130 feet deep) - This Large parcel can be subdivided into MULTIPLE duplex or triplex lots
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built | 1969 |
| Building Class | C | Parking Ratio | 1.15/1,000 SF |
| Lot Size | 0.63 AC | Corridor | Exterior |
| Building Size | 40,000 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.63 AC |
| Building Size | 40,000 SF |
| No. Stories | 3 |
| Year Built | 1969 |
| Parking Ratio | 1.15/1,000 SF |
| Corridor | Exterior |
Amenities
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,074,389 | |
| Land Assessment | $4,761,688 | Total Assessment | $6,836,076 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$4,761,688
Improvements Assessment
$2,074,389
Total Assessment
$6,836,076
zoning
| Zoning Code | HZ (Hospitality Zone allows for by-right development including, hotel/motel, restaurant, multifamily (Duplex, Triplex, Quad), Mixed use, residential) |
| HZ (Hospitality Zone allows for by-right development including, hotel/motel, restaurant, multifamily (Duplex, Triplex, Quad), Mixed use, residential) |
1 of 1
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
