1501 Ocean Avenue

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1501 Ocean Avenue

North Wildwood, NJ 08260
Asking Price
Contact for price
Asset Type
Motel Hospitality
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Hospitality asset located at 1501 Ocean Avenue in North Wildwood.
  • The property functions as a motel within the New Jersey coastal market.
  • Property coordinates are registered at 38.9954 and -74.7967.
  • Positioned for operations within a high-traffic regional vacation destination.
  • Available for sale to investors or hospitality management operators.

What's Special

1501 Ocean Avenue is a hospitality asset operating as a motel in North Wildwood, New Jersey. Situated at 38.9954, -74.7967, this coastal property benefits from the seasonal tourism industry characteristic of the Jersey Shore. The location provides proximity to Atlantic beaches and local attractions that drive consistent foot traffic during the warmer months of the year. Investors looking for a hospitality acquisition in a established vacation market may consider the potential for continued operation or repositioning as a coastal lodging destination. The property occupies a functional site within the municipality, allowing for efficient access to major regional thoroughfares and surrounding shore communities. Hospitality ventures in this area cater to a diverse demographic of summer visitors, making the site a practical addition to a broader regional investment portfolio focused on the hospitality sector.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

Location & Travel Times