4211 Ocean Avenue Unit #4208 Boardwalk, Wildwood, NJ 08260

$5,500,000
22,673
SqFt
List Price
$5,500,000
Status
ACTIVE
MLS#
222987
Unit
4208 Boardwalk
Living Sq. Ft
22,673
Region
Wildwood
City
Wildwood

Property Description

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 your vision. This is a must tour property to truly see the economic value.

Additional Information

Interior Features
220 Volt Electricity
Cooling
Central Air Conditioning, Wall Air Conditioning
Heating
Gas Natural
Exterior Features
Restrooms, Storage Building
Sewer
City
Water
City

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of CAPE ISLANDS REALTY, LLC.