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Monaco Motel 4211 Ocean Ave
17 Room Hotel Wildwood, NJ 08260 $10,125,355 CAD ($595,609 CAD/Room)
INVESTMENT HIGHLIGHTS
- Property has building approvals and CAFRA approvals
- The iconic Wildwood Tram Car offers a convenient mode of transportation along the boardwalk and surrounding areas
- The area is served by NJ Transit Bus Routes 315, 319, 552, and 313
- The motel is just steps from Wildwood's famous beach and boardwalk
PROPERTY FACTS
| Price | $10,125,355 CAD | Building Size | 22,673 SF |
| Price Per Room | $595,609 CAD | No. Rooms | 17 |
| Sale Type | Investment | No. Stories | 2 |
| Sale Condition | Business Value Included | Year Built | 1961 |
| Property Type | Hospitality | Parking Ratio | 1.23/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.14 AC |
| Price | $10,125,355 CAD |
| Price Per Room | $595,609 CAD |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 22,673 SF |
| No. Rooms | 17 |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.23/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
AMENITIES
- High Speed Internet Access
- Patio
- Public Access Wifi
ABOUT 4211 OCEAN AVE , WILDWOOD, NJ 08260
Beachfront Stores, Beach Block Motel and Parking Lot which consists of a 17 Unit Motel w/ a additional 2 bedroom owners quarters, 4 Boardwalk Stores which are leased, and a 29-spot parking Lot existing. Property has building approvals and CAFRA approvals for a 4- Story, 30 Unit Hotel Building with Parking Garage, Hotel Lobby, with Boardwalk Stores. (Artistic Renderings in Associated Docs.) New Units will be approximately 650 sq. ft., one-bedroom units, w/Pool. Current Valid CAFRA permit obtained along with City Approved Resolution for the 30 units. ASSOCIATE DOCS HAVE BUILDING RENDERINGS AND CITY RESOLUTION....
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 17 | $130.18 CAD | - |
PROPERTY TAXES
| Parcel Number | 14-00120-0000-00001 | Improvements Assessment | $368,836 CAD |
| Land Assessment | $496,510 CAD | Total Assessment | $865,346 CAD |
PROPERTY TAXES
ZONING
| Zoning Code | TE (Commercial) |
| TE (Commercial) |
Presented by
Monaco Motel | 4211 Ocean Ave
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