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About the Listing KWEMPWR - 3160540
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 Highlights for 5200 Atlantic Ave
Status
Active
Days on Site
53
Property Type
Residential
MLS ®
NJCM2005966
Year Built
1947
Total Square Footage
1,409
Lot/Acreage
0.21
Interior Details
- Bedrooms: 3
- Bathrooms: 1 Full / 1 Half
- Appliances:
- Air Cond: Central A/C
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 1409
- Below Ground Sq Ft: 0
- Basement:
- Other: Main Floor Bedrooms: 3
- Water: Community
Exterior Details
- Lot Description: Additional Lot(s),Poolside,Private,Rear Yard,Road Frontage,SideYard(s),Not New Construction,Horse Property: No
- Garage Capacity: 1 car
- Parking Spaces: 5
- Lot Dimensions: 90.00 x 100.00
- Zoning: T
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Concrete Driveway,Covered Parking,Parking Lot,Detached Garage,Driveway,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $12,571
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
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Listing Location
Questions About..
5200 Atlantic Ave Wildwood, NJ 08260
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