4211 Ocean Avenue Unit 4208 Boardwlak

Wildwood, NJ, 08260

$5,500,000

$242 per ft²
$5,500,000
$242 per ft²
Active
Active
 - For Sale
carpenters-square
22,673 ft²
property_type
Commercial
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 yourvision. This is a must tour property to truly see the economic value.
MLS® ID:
222988
Listed:
9/21/22
Updated:
10/1/22
Tim Kerr Sotheby's International Realty
Ryan Vince

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Interior Features
220 Volt Electricity
Cooling
Central Air Conditioning, Wall Air Conditioning
Heating
Gas Natural

Exterior/Building Features

Exterior Features
Restrooms, Storage Building, Block, Concrete, Wood/Frame
Sewer
City

Other Property Details

Area Name
Wildwood
Taxes
$65200
Tax Frequency
per YEAR
Garage
Yes
Parking
11 Or More Spaces
View
N
Water Source
City
Pool
No
Zoning
commercial

 

Courtesy of CAPE ISLANDS REALTY, LLC, Joseph V. Rullo

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Ryan Vince shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2022 Cape May County Association of REALTORS, Inc. All rights reserved.

Data last updated 4:56 PM UTC 10/1/22

Tim Kerr Sotheby's International Realty
Ryan Vince
Contact