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This Hospitality Property is no longer advertised on LoopNet.ca.

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
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

PROPERTY TAXES

Parcel Numbers
Multiple
  • 08-00800-0000-00001
  • 08-00800-0000-00014
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))
  • Listing ID: 26568987

  • Date on Market: 2022-09-06

  • Last Updated:

  • Address: 801 Atlantic Ave, Ocean City, NJ 08226

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