811 Atlantic Ave Ocean City, NJ 08226

Description of 811 Atlantic Ave Ocean City, NJ 08226

The Landmark FOUNTAIN VIEW MOTEL is now available for sale! This offering e is for both real estate property & its seasonal motel operating business consisting of a 19 units with outdoor patios. Motel generates an average of approx $248,000 in seasonal revenues and profit at a reasonable cap rate. Located in center heart of Ocean City, this property sits on large CORNER 75 x 90 lot located right on the BEACH BLOCK & OFF-BOARDWALK!! The desirable central location of this property is indisputably positioned within Ocean City's highest traffic volume for beach, boardwalk, and all its hospitality & tourist destination spots. This landmark complex has been in operation for almost 70 yrs & has a coveted & unbelievable repeat (multi-generational) guest/customer following. This motel is a part of an existing hotel complex consists of THREE seasonal-only properties: two hotels and one apartment building, and are all now being separately and independently offered for sale. Signed NDA/Confidentiality Agreement from qualified buyers required. Motivated Seller just reduced $2.5 million asking price by $500K for a quick sale in order to complete a 1031 Exchange. so call us right now to PRESENT AN OFFER today!

CENTURY 21 Frick Realtors


Office:
(609) 652-5600

  • Commercial
    • MLS Number:
    • 536546
    • Status:
    • ACTIVE
    • Price:
    • $2,000,000
    • Bedrooms:
    • 0 bed
    • Bathrooms:
    • Size:
    • Built:
    • Listed Days:
    • 29 day(s) ago
    • Taxes:
    • Garage Size:

Map of 811 Atlantic Ave Ocean City, NJ 08226

Features of 811 Atlantic Ave Ocean City, NJ 08226

CONSTRUCTION
  • Style Desc : Commercial,Comm. w/Apartments,Hotel,Motel,Other (See Remarks)
  • Total Units : 19
GARAGE
  • Parking Desc : Off street parking
HEATING/COOLING
  • Heating Cooling Desc : Ceiling fan(s)
INTERIOR
  • Elevator : Yes
  • Floors : Hardwood floors
  • Interior Desc : Elevator(s)
LOT
  • Area : Ocean City/Central
  • Lot Dimensions : 75 x 90
  • Site Desc : Corner lot
OTHER
  • County Code : Cape May
  • Ob Property Type : Commercial
  • Property Type Desc : Commercial
  • Transaction Type : Sale
UTILITIES
  • Water Sewer Desc : Public sewer
Courtesy  Courtesy of
KELLER WILLIAMS REALTY JERSEY SHORE-Ocean City
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM program of the South Jersey Shore Regional Multiple Listing Service. Real estate listings held by brokerage firms other than CENTURY 21 Frick Realtors are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.