5200 ATLANTIC AVE new to site Save Request In-Person Tour Request Virtual Tour
Wildwood,NJ 08260
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,409 sqft
Price per Sqft $496
Subdivision Wildwood
MLS Listing ID NJCM2005966
Style Traditional
Bedrooms 3
Full Baths 1
Half Baths 1
HOA Y/N N
Year Built 1947
Annual Tax Amount $12,571
Tax Year 2024
Lot Size 8,999 Sqft
Acres 0.21
Lot Dimensions 90.00 x 100.00
Property Sub-Type Detached
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
Rooms
Main Level Bedrooms 3
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Parking Features Covered Parking
Garage Spaces 5.0
Fence Partially
Water Access N
View Ocean,Water
Street Surface Gravel,Concrete
Accessibility None
Total Parking Spaces 5
Garage Y
Building
Lot Description Additional Lot(s),Poolside,Private,Rear Yard,Road Frontage,SideYard(s)
Story 1
Foundation Other
Sewer Public Sewer
Water Community
Architectural Style Traditional
Level or Stories 1
Additional Building Above Grade,Below Grade
New Construction N
Schools
School District Wildwood City Schools
Others
Senior Community No
Tax ID 14-00015-00029
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash,Contract,Conventional,Negotiable
Listing Terms Cash,Contract,Conventional,Negotiable
Financing Cash,Contract,Conventional,Negotiable
Special Listing Condition Standard