$600,000

5200 ATLANTIC AVE, Wildwood, NJ 08260

  • 3 beds |
  • 2 baths |
  • 1,409 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1947
  • Property Lot Size Icon9,148sqft lot
  • Property Parking Icon 1 car garage
  • Property Price Per Square Feet Icon $426/sqft
  • Property List Date Icon Listed 3 months ago

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. The sale includes both properties, reservation inventory, furniture, fixtures, and equipment, with seller financing available for qualified buyers.

Listing Status:
Active
Listing Office:
KW Empower : 2156273500
Listing Agent:
Elan Elkaim : 2159609537
MLS ID:
NJCM2005966
  • A/C: Central A/C
  • Heating: Forced AirNatural Gas
  • Disability Feature: None
  • General: Above GradeBelow Grade
  • Style: Traditional
  • Parking: Concrete Driveway
  • General: Brick1Other
  • Road/Access: 100
  • Originating MLS: BRIGHT_MAIN
  • School District: WILDWOOD CITY SCHOOLS
  • County: CAPE MAY-NJ
  • Zoning: T14-00015-00029
  • View: OceanWater
  • Fencing: Partially
  • Water: Community
  • Sewer: Public Sewer
  • Source: BRIGHT_MAIN

This listing courtesy of Elan Elkaim, KW Empower

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

G

Glenwood Avenue Elementary School

Glenwood & New York Ave, Wildwood, NJ, 08260

Grades PK-5

1.13 miles away

W

Wildwood Middle School

4300 Pacific Ave, Wildwood, NJ, 08260

Grades 6-8

0.45 miles away

W

Wildwood High School

4300 Pacific Ave, Wildwood, NJ, 08260

Grades 9-12

0.46 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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