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For Sale 5100 Atlantic, Wildwood, NJ, 08260

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5100 Atlantic, Wildwood, NJ, 08260

$4,150,000

Alexandra Aylward
  • Buyer Agent Compensation: N/A
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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 $4,150,000, the sale includes both properties, reservation inventory, furniture, fixtures, and equipment, with seller financing available for qualified buyers.

Listing courtesy of: KW EMPOWER
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Cape May Multiple Listing Service. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Information is deemed to be accurate but not guaranteed. Copyright Cape May Multiple Listing Service. All rights reserved.
Total Rooms
Full Bath
# of Stories 3
Year Build 1915
Lot Size
Tax 28029.00
SQFT
ParkingGarage1 To 5 Spaces, Assigned Parking
CoolingCentral Air Conditioning
SewerPublic
Bedrooms 0
Half Bath
# of Stories 3
Lot Dimensions 0.21a
# Units
Tax Year 2024
Area Wildwood
HeatingForced Air
WaterPublic
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Nearby Listings

YOUR YEAR ROUND BEACH GET-A-WAY WITH THE IDEAL LOCATION, HEATED POOL & PARKING! This charming one bedroom, one bath condominium is ideally located just one short block to the beach and boardwalk. The complex is well-maintained and features a heated pool, all in a desirable setting at the corner of Atlantic and Hildreth Avenues, close to restaurants, convenience stores, mini golf, ice cream, and just one block from Wildwood Crest! This first floor corner unit offers a living room, kitchen with upgraded counters, bedroom, and full tile bath with tub. The hallway and hall closet are perfect for storage or locking away personal items when renting. The condo is cute as a button and will be sold with appliances, furnishings and some decor. The building allows year round use, and forced air heat and central air make it comfortable in every season. Additional amenities include a heated pool, sundeck, BBQ grills one assigned parking space right outside the unit, and a coin-operated laundry room with storage space for beach gear. The quarterly condo fee of $900/quarterly covers common hot water gas, water, sewer, exterior insurances for flood, fire and liability, common area electric, BBQ grills, and routine maintenance. The condominium association is pet friendly for owners only and is not a condo-tel - there are no restrictions on personal use and no on-site management. Whether you plan to make this your own shore retreat or a smart investment, this affordably priced unit checks all the boxes! Easy to see!

Property 2

5301 Atlantic, Wildwood

  • 1

  • 1.0

  • $294900