401 N Ocean Blvd. N

Description

The property is improved with a four-story, 15-unit motel prominently situated along Ocean Boulevard. The building features durable masonry construction with a stucco exterior and a flat roof design. All 15-16 guest rooms are oriented toward Ocean Boulevard, providing the property with excellent frontage and visibility along this well-traveled coastal corridor. The first floor includes the motel's front desk, reception area, office, and lobby, providing a centralized area for guest check-in and property operations. An on-site manager's quarters is conveniently located adjacent to and directly connected with the lobby/front desk area, allowing for efficient day-to-day management of the property. Guest accommodations are accessed through covered exterior corridors, with stairwell access serving the upper floors. Individual guest rooms feature solid entry doors with keyless entry systems, fixed insulated windows, luxury vinyl plank (LVP) flooring, painted drywall walls, and drywall ceilings. The property's relatively manageable 15-room configuration provides an incoming owner with the opportunity to operate a boutique-sized lodging property in an established Ocean Boulevard location. The existing improvements and operational layout may also provide opportunities for continued operation, renovation, repositioning, or enhancement of the property, subject to an investor's individual business plan and applicable governmental approvals. The improvements reflect the property's age and have experienced typical wear associated with an established coastal lodging property. Certain areas of the building may benefit from repair, maintenance, and capital improvements. The property is therefore well suited for a purchaser seeking an existing hospitality asset with the opportunity to implement a renovation or value-add program while enhancing the property's overall condition and guest experience.