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(609) 226-5709 cell

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Ext. 08226

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MLS (capemay) #168357 - - $7,900,000.00
801 A-D E Atlantic
Ocean City, NJ 08226
Other
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801 A-D E Atlantic, Ocean City - Other - FOUR independent Multi-Family/Multi-Use Income Producing Properties being offered for sale altogether-consists of almost 1 ACRE of prime BEACHBLOCK/OFF BOARDWALK Real Estate! This RARE Once-In-A-Lifetime AQUISTION OPPORTUNITY sale is for both real estate property &  businesses consisting of 91 total units (various size & amenities) producing income under one consolidated hospitality P&L operation (known as Pavilion  Hotel) & altogether are for sale at approx 7-8% cap rate based off original asking price. All four property locations are each independently listed & include:  810 Atlantic Ave; 811 Atlantic Ave; 825 Atlantic Ave; and 813 Morrlyn Terrace. Depending on contract terms, sale may be contingent on sale of all four properties. Properties are located ON BEACHBLOCK & OFF BOARDWALK in the Heart of the Hospitality Zone - Overlooking Ocean City NJ Beaches &  Boardwalk– America’s Greatest Family Resort!!! The central location of these properties are indisputably positioned within Ocean City’s highest traffic  volume for beach, boardwalk, hospitality, and tourist destination spots. In addition, the seller is also selling two additional Boardwalk parking lots consisting of 146 existing parking spaces (listed separately: 748 Boardwalk Rear+821 E 8th St) along w/two other single family homes strategically located at 725-727 Atlantic Ave, adjacent to existing parking lots. Total acquisition of all 8 properties would equal about 2.3 Acres of Prime BEACHBLOCK/Off Boardwalk  property.
 
 
 
 

FOUR independent Multi-Family/Multi-Use Income Producing Properties being offered for sale altogether-consists of almost 1 ACRE of prime BEACHBLOCK/OFF BOARDWALK Real Estate! This RARE "Once-In-A-Lifetime" AQUISTION OPPORTUNITY sale is for both real estate property & businesses consisting of 91 total units (various size & amenities) producing income under one consolidated hospitality P&L operation (known as Pavilion Hotel) & altogether are for sale at approx 7-8% cap rate based off original asking price. All four property locations are each independently listed & include: 810 Atlantic Ave; 811 Atlantic Ave; 825 Atlantic Ave; and 813 Morrlyn Terrace. Depending on contract terms, sale may be contingent on sale of all four properties. Properties are located ON BEACHBLOCK & OFF BOARDWALK in the Heart of the Hospitality Zone - Overlooking Ocean City NJ Beaches & Boardwalk– America’s Greatest Family Resort!!! The central location of these properties are indisputably positioned within Ocean City’s highest traffic volume for beach, boardwalk, hospitality, and tourist destination spots. In addition, the seller is also selling two additional Boardwalk parking lots consisting of 146 existing parking spaces (listed separately: 748 Boardwalk Rear+821 E 8th St) along w/two other single family homes strategically located at 725-727 Atlantic Ave, adjacent to existing parking lots. Total acquisition of all 8 properties would equal about 2.3 Acres of Prime BEACHBLOCK/Off Boardwalk property.


Listing Courtesy of
KELLER WILLIAMS REALTY JERSEY SHORE oc
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This listing has been on this site for 558 days.

Direct Link :
http://AtTheShore.com/801-A-D-E-Atlantic-Ocean-City-NJ-Other-168357

801 A-D E Atlantic, Ocean City - Other - $7,900,000

Ocean City Real Estate for Sale

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Ocean City Other

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Ocean City NJ

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Other


Please Contact:

James Ginn, Broker
AtTheBeach.com, Inc.
801 Asbury Avenue
Ocean City, NJ 08226
(609) 226-5709 cell
(800) 234-SOLD (7653)
Email Me!


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Database update : Sunday, 04/03/2016 08:43


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