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USANJWildwoodWildwood5200 Atlantic Ave
5200 Atlantic Ave, House other with 3 bedrooms, 2 bathrooms and null parking in WILDWOOD NJ | Image 1
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$699,000

5200 Atlantic Ave, Wildwood, NJ

House

For Sale

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320
  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 1409 sqft
Garage Yes
Taxes $12,571
Days Active 0
Lot Size 
Approx. Age 1947
Avg. Price Per Sqft $496
MLS® Number NJCM2005966

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® NumberNJCM2005966
Laundry Level
Central VacNo
FireplaceNo
Acreage0.21
Exterior
GarageYes
Approx. Age1947
Basement
DrivewayConcrete Driveway, Parking Lot, Detached Garage, Driveway
Garage Spaces
HeatForced Air, Natural Gas
A/CCentral A/C, Electric
Heating Fuel

Extras

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