NJ > Wildwood > 08260
Wildwood, NJ 08260,5100 ATLANTIC AVE
Wildwood, NJ 08260,5100 ATLANTIC AVE
Wildwood, NJ 08260,5100 ATLANTIC AVE
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Kelly Stipa

Kelly Stipa

+1(267) 249-9000
Listed by Elan Elkaim • KW Empower
$4,200,000
Est. payment /mo
8,999 Sqft Lot
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Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Subdivision 08260

MLS Listing ID NJCM2005940

Year Built 1915

Annual Tax Amount $28,029

Tax Year 2024

Lot Size 8,999 Sqft

Acres 0.21

Lot Dimensions 100.00 x 90.00

Property Sub-Type Other

Source BRIGHT

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

Area Wildwood City (20514)

Zoning T

Interior

Hot Water Natural Gas

Heating Baseboard - Hot Water, Central, Energy Star Heating System, Forced Air, Zoned

Cooling Central A/C, Attic Fan, Energy Star Cooling System, Multi Units

Heat Source Natural Gas

Exterior

Garage Spaces 3.0

Water Access N

View Ocean

Street Surface Black Top

Accessibility Doors - Lever Handle(s), Chairlift, Mobility Improvements, Wheelchair Mod

Road Frontage City/County, Public, State

Total Parking Spaces 3

Garage N

Building

Foundation Block, Other

Sewer Public Septic, Public Sewer

Water Community

New Construction N

Schools

School District Wildwood City Schools

Others

Tax ID 14-00024-00029 01

Ownership Fee Simple

Security Features Carbon Monoxide Detector(s),Exterior Cameras,Fire Detection System,Monitored,Motion Detectors,Resident Manager,Smoke Detector,Sprinkler System - Indoor

Acceptable Financing Cash, Conventional, Negotiable

Listing Terms Cash, Conventional, Negotiable

Financing Cash,Conventional,Negotiable

Special Listing Condition Standard

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Bright MLS (BMLS)

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Kelly Stipa

Kelly Stipa

+1(267) 249-9000

REALTOR® | License ID: RS226297L

REALTOR® License ID: RS226297L

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