811 Atlantic Ave

Ocean City, NJ
$ 2,000,000 Beds 0 Baths 0
Monthly Estimate* How much can I afford?

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!

Commercial

  • Price
  • $ 2,000,000
  • Lot Size
  • Bedrooms
  • 0
  • Full Bathrooms
  • 0
  • Half Bathrooms
  • 0
  • City, Zip
  • Ocean City
  • County
  • CAPE MAY
  • Style
  • Comm. w/Apartments,Commercial,Hotel,Motel
  • Area
  • Ocean City-Central
  • MLS#
  • 536546
  • Zip
  • 08226
Listing Provided by: Keller Williams Realty Jersey Shore-Ocean City

Features

General

Class COMMERCIAL/INDUSTRIAL
Flooring Carpet-Partial, Carpet-Wall to Wall, Concrete, Hardwood, Linoleum/Vinyl, Other (See Remarks)
Listing Area Ocean City/Central
Parking Assigned, Off Street, Other (See Remarks), Paved
Road Frontage Township
Sewer Public Sewer
Status Active
Status Active
Style Comm. w/Apartments, Commercial, Hotel, Motel, Other (See Remarks)
Unit/bldg. # 811
Water Public

Interior Features

# of Units 19
Air Conditioning Ceiling Fan(s), Window Units
Hot Water Gas
Interior Features Elevator Pass, Fire Sprinkler System, Security System, Smoke/Fire Alarm, Storage
Specialty Rooms Laundry Room, Utility Room

Exterior Features

Exterior Features Fence, Sign
Lot Dimensions 75 x 90

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the Villas, NJ office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
Agent Photo

Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

5/4/2020 Listed $2,000,000

Property vs Zip Code Average in 08226

Price
AVG $340K
$2M
Visits
AVG 12
13
Walkscore
AVG 72
70
Data Provided by Walkscore ® not using MLS data

Map

811 Atlantic Ave Ocean City, NJ is a Single Family Home for sale at $2000000 and a lot size of Acre(s). 811 Atlantic Ave Ocean City has 0 bedrooms, 0 baths . The property's zip code is 08226 which is in Ocean City, NJ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.