819 Moorlyn Terrace, Ocean City, NJ 08226
Listing Presented By
KELLER WILLIAMS REALTY JERSEY SHORE-Ocean City
Commercial - Ocean City, NJ
MOORLYN POOL APARTMENT BUILDING: This is a "Once-In-A-Lifetime & RARE Multi Use/Multi-Family AQUISTION OPPORTUNITY! This sale is for both real estate property and business consisting of 8 two-bed units+7 parking spaces. The Moorlyn Apt Bldg is only one of four (4) hospitality/multifamily income producing properties associated under one operation, known as the Pavilion Hotel. (Other three include: 801 Atlantic Ave; 811 Atlantic Ave; and 825 Atlantic Ave. Altogether, the FOUR properties consist of 91 units of various size & amenities; produce income under one consolidated hospitality operation & reported P&L; and altogether are being offered for sale at an approx. 7-8% cap rate.) All 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, they may be also be purchased in conjunction with two additional Boardwalk parking lots consisting of approx. 140-146 existing parking spaces (listed separately: 748 Boardwalk Rear & 821 E 8th St) Total acquisition of all 6 properties would equal about 2+ Acres of Prime Beachblock, Off Boardwalk property.
Last Updated: October 26, 2016
Posted: February 4, 2016