1125 Ocean Ave | Ocean City, NJ 08226
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- LoopNet Team
1125 Ocean Ave
Ocean City, NJ 08226
Tahiti Inn Motel & Apartments+ 2 Parking Lots · Hospitality Property For Sale · 40,000 SF
Investment Highlights
- 3 Large Parcels (4 Lots) totaling approx. One (1) ACRE of prime rare OFF BEACH/BOARDWALK resort location
- Plus Three (3) Developable Lots, currently operating as two large parking lots
- Motel & Apartment Operating Business with 57 Keys (42 Rooms/Suites + 15 Apartments offered at 7% Cap rate
- Motel + Large adjacent parking totals 300 ft of frontage (130 feet deep) - This Large parcel can be subdivided into MULTIPLE duplex or triplex lots
PROPERTY FACTS
| Property Type | Hospitality | Number of Floors | 3 |
| Property Subtype | Hotel | Year Built | 1969 |
| Building Class | C | Parking Ratio | 1.15/1,000 SF |
| Lot Size | 0.63 AC | Corridor | Exterior |
| Building Size | 40,000 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.63 AC |
| Building Size | 40,000 SF |
| Number of Floors | 3 |
| Year Built | 1969 |
| Parking Ratio | 1.15/1,000 SF |
| Corridor | Exterior |
Amenities
- Pool
- High Speed Internet Access
- Patio
- Public Access Wi-Fi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £1,148,984 | |
| Land Assessment | £2,637,454 | Total Assessment | £3,786,438 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£2,637,454
Improvements Assessment
£1,148,984
Total Assessment
£3,786,438
zoning
| Zoning Code | HZ (Hospitality Zone allows for by-right development including, hotel/motel, restaurant, multifamily (Duplex, Triplex, Quad), Mixed use, residential) |
| HZ (Hospitality Zone allows for by-right development including, hotel/motel, restaurant, multifamily (Duplex, Triplex, Quad), Mixed use, residential) |
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