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5200 Atlantic Ave

Wildwood NJ 08260

3
2
5
1409 sq. ft.
8999 sq. ft.
Single-Family
Currently for sale - view listing

Overview

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. The sale includes both properties, reservation inventory, furniture, fixtures, and equipment, with seller financing available for qualified buyers.

Features

3 bedrooms
2 bathrooms
5 carspaces
1 garage space
1409 sq. ft. floor area
8999 sq. ft. lot size
Single-Family

Property history for 5200 Atlantic Ave

2017
Sold
$390,000
17 Oct 2017 by Thomas McMullen, of Stone Harbor Sales

Happy sellers in Wildwood

94%
94% of sellers in Wildwood reported that their sale price either exceeded or met their price expectations.

Wildwood stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Wildwood over the last 12 months.

Local market activity for 3 bedroom single-family properties in Wildwood

In the last 12 months, 6 three-bedroom single-family properties similar to 5200 Atlantic Ave, have been sold.

This represents a 82% increase in three-bedroom single-family properties sales when compared to the previous 12 months.

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(619) 566-0008
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