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USANJWildwood5100 Atlantic Ave
5100 Atlantic Ave, Home with 0 bedrooms, 0 bathrooms and null parking in Wildwood NJ | Image 1
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$4,200,000

5100 Atlantic Ave, Wildwood, NJ

Real Estate

For Sale

$--,---,---
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  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $28,029
Days Active 2
Approx. Age 1915
MLS® Number NJCM2005940

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Prime investment opportunity in Wildwood – 5100 & 5200 Atlantic Ave. 5100 Atlantic Ave is a boutique 11-unit hotel, completely renovated in 2020, and 5200 Atlantic Ave is a 3-bedroom home with a 9-car parking lot, just 1.5 blocks from the boardwalk and beach. The hotel, known as 5100 Vacation Club, features fully furnished suites with stainless steel kitchens, private balconies, sleeper sofas, separate electric meters, professional fire/sprinkler systems, ADA access, an in-ground pool, outdoor lounge/BBQ areas, and a dedicated office structure. The 5200 Atlantic property currently serves as the owner’s quarters, laundry, and storage but also offers strong redevelopment potential with a matching lot size. Seasonal revenues average $420K with upside of $150K by extending operations beyond Memorial Day to Labor Day, along with long-term value-add through future development. Additional potential includes utilizing the parking lot for a new build with ground-level parking and residential units above. Offered at $4, 899, 000, the sale includes both properties, reservation inventory, furniture, fixtures, and equipment, with seller financing available for qualified buyers.Show Description
MLS® NumberNJCM2005940
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1915
Stories3
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatBaseboard - Hot Water, Central, Energy Star Heating System, Forced Air, Zoned, Natural Gas
A/CCentral A/C, Attic Fan, Energy Star Cooling System, Multi Units, Natural Gas
Heating Fuel

Extras

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