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Margarita Kobilianets

Margarita Kobilianets 609-674-3417 609-399-0076x119

3160 Asbury Avenue, Ocean City

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For Sale 5100 Atlantic Ave, Wildwood, NJ, 08260

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5100 Atlantic Ave, Wildwood, NJ, 08260

$4,200,000

Margarita Kobilianets
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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 $4,899,000, 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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