801 Atlantic Ave | Ocean City, NJ 08226
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801 Atlantic Ave
Ocean City, NJ 08226
Pavilion Hotel, Apartments & Redevelopment · Hospitality Property For Sale · 26,827 SF
Investment Highlights
- 10% CAP RATE Hospitality Beach Block (Hotel, Apartments, Restaurant + Approved Development Approvals)
- ONE (1) ACRE OF VERY RARE and highly coveted BEACH BLOCK / OFF- BOARDWALK prime real estate
- Just steps to its white soft sandy beaches and the world famous Ocean City Boardwalk.
- Incredible WEALTH CREATION opportunity for your asset portfolio!
- Ideally located on the on the upscale family barrier resort island of Ocean City NJ (South Jersey Shore)
- Valued Added Upside !
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1963/2022 |
| Building Class | B | Parking Ratio | 0.93/1,000 SF |
| Lot Size | 0.69 AC | Corridor | Exterior |
| Building Size | 26,827 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.69 AC |
| Building Size | 26,827 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1963/2022 |
| Parking Ratio | 0.93/1,000 SF |
| Corridor | Exterior |
Amenities
- Balcony
- Business Center
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $3,492,432 | |
| Land Assessment | $5,865,750 | Total Assessment | $9,358,182 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$5,865,750
Improvements Assessment
$3,492,432
Total Assessment
$9,358,182
zoning
| Zoning Code | HM (Hospitality (w/numerous approved uses too long to list)) |
| HM (Hospitality (w/numerous approved uses too long to list)) |
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