This is rare. Beach side building on the boardwalk where Old Time Photos occupies is now for sale for $1.5M. http://cabreracoastalteam.com/mobile/property.php?MLSNo=188598
The Riviera & Stardust Motel are also now listed for ~$6.2M.
http://cabreracoastalteam.com/mobile/property.php?MLSNo=174055
It is incredible how many places are trying to sell and are being sold this year.
"Peace and quiet" will be scarce during summer peak, that's for sure. Boardwalk businesses, especially the games with miked announcers, are pushing noise to a pretty abusive level these days.
The Stardust has always looked nice. It would be a shame to lose that and the Riviera, especially because that's one spot on the island where there remains a heavy concentration of motels. Isn't the "new" Rio also up for sale? And maybe one or two more along that stretch?
I can't see a condo being approved for the Old Time Photo building, nor can I see anyone in a sane frame of mind wanting a condo there. How would one get to it? And what kind of peace and quiet could reasonably be expected of anything in that spot during the desirable summer months. Honestly, there's a small part of me that wouldn't mind those buildings on the ocean side of the boardwalk being removed. There's nothing attractive about something that amounts to a large garage blocking the view of the beach.
I have become more familiar with the neighborhood of the Riviera and Stardust in recent years, and although I haven't stayed at either of them I've been more inclined to consider them lately. I hope we don't lose them.
I read the listing for the boardwalk property. Are they serious when they say you could develop it as condos?