NJ > Wildwood
Wildwood, NJ 08260,5100 Atlantic Ave
Wildwood, NJ 08260,5100 Atlantic Ave
Wildwood, NJ 08260,5100 Atlantic Ave
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Springer Realty Group

Springer Realty Group

+1(484) 498-4000
$4,150,000
Est. payment /mo
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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 602010

Annual Tax Amount $28,029

Tax Year 2024

Property 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.

Location

State NJ

County Cape May

Community Wildwood

Area Wildwood City

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South Jersey Shore Regional MLS (SJSRMLS)
Listed by KW Empower Real Estate

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Springer Realty Group

Springer Realty Group

+1(484) 498-4000

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