NJ > Wildwood > Wildwood
Wildwood, NJ 08260,5200 ATLANTIC AVE
Wildwood, NJ 08260,5200 ATLANTIC AVE
Wildwood, NJ 08260,5200 ATLANTIC AVE
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Sun
14
Sep
Mon
15
Sep
Tue
16
Sep
Karen Wilkinson

Karen Wilkinson

+1(732) 599-1938
Listed by Elan Elkaim • KW Empower
$699,000
Est. payment /mo
3 Beds
2 Baths
1,409 SqFt
Save

UPDATED:

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

Read Less Info
Bright MLS (BMLS)

GET MORE INFORMATION

Karen Wilkinson

Karen Wilkinson

+1(732) 599-1938

Agent | License ID: 0343436

Agent License ID: 0343436

Name

Phone*

Message

I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of Karen Wilkinson, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.