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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Listed by Elan Elkaim • KW Empower
$4,200,000
Est. payment /mo
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8,544 SqFt
New

5100 ATLANTIC AVE Wildwood, NJ 08260

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Chris Fleming

Chris Fleming

+1(908) 283-0602

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 8,544 sqft

Price per Sqft $491

Subdivision 08260

MLS Listing ID NJCM2005976

Style Traditional,Other

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

Fireplace N

Heat Source Natural Gas

Exterior

Garage Spaces 3.0

Water Access N

View Ocean

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

Total Parking Spaces 3

Garage N

Building

Foundation Block, Other

Sewer Public Septic, Public Sewer

Water Community

Architectural Style Traditional, Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Wildwood City Schools

Others

Tax ID 14-00024-00029 01

Ownership Fee Simple

SqFt Source Assessor

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

Special Listing Condition Standard

Bright MLS (BMLS)

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Chris Fleming

Chris Fleming

NJ - Sales Assoicate | License ID: 2298483

+1(908) 283-0602

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