5100 Atlantic Ave - Hospitality FOR SALE


Wildwood, NJ 08260
$4,899,000 USD
610-331-7213
5100 Atlantic Ave, Wildwood, NJ for Sale
$4,899,000 USD
Hospitality - FOR SALE
1/115
null | Request Cap Rate

5100 Atlantic Ave
Wildwood, NJ 08260


OVERVIEW

Prime investment opportunity in Wildwood – 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 provides 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. Financial documents available for serious buyers.

FOR SALE DETAILS

PRICE

$4,899,000 USD

PRICE/SF

$427 USD /SF

# OF ROOMS

17

PRICE/ROOM

$288,176 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5100 Vacation Club

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1915

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,886 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Michael P. CohenMichael Cohen TeamMore Info
610-331-7213

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Michael P. CohenMichael Cohen TeamMore Info
610-331-7213

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.