Remarks:

Beachfront Stores, Beach Block Motel and Parking Lot which consists of a 17 Unit Motel w/ a additional 2 bedroom owners quarters, 4 Boardwalk Stores which are leased, and a 29-spot parking Lot existing. Property has building approvals and CAFRA approvals for a 4- Story, 30 Unit Hotel Building with Parking Garage, Hotel Lobby, with Boardwalk Stores. (Artistic Renderings in Associated Docs.) New Units will be approximately 650 sq. ft., one-bedroom units, w/Pool. Current Valid CAFRA permit obtained along with City Approved Resolution for the 30 units. ASSOCIATE DOCS HAVE BUILDING RENDERINGS AND CITY RESOLUTION....

PROPERTY FEATURES

* LOCATION       Beach Front       Beach Block       Island       Boardwalk       Water Front       Water View   * EXTERIOR       Block       Concrete       Wood/Frame   * EXTERIOR FEATURES       Sign       Security Light/System   * PARKING       11 Or More Spaces       Off Street       One Per Unit Motel/Hotel

* INTERIOR FEATURES       220 Volt Electricity       Smoke/Fire Alarm       Storage   * SPECIALTY ROOMS       Office Space Avail       Retail Store   * AVAILABLE       Equipment       Fixtures       Furnishings       Income Expense Info       State Housing Certificate   * FLOORING       Wall To Wall Carpet       Linoleum/Vinyl       Slab

* HEATING       Heat Pump       Space/Wall/Floor   * COOLING       Wall Air Conditioning   * WATER       City   * SEWER       City   * HOT WATER       Gas   * FINANCING AVAILABLE       Conventional   * TYPE       Motel       Commercial       Other (See Remarks)