$5,890,000
MLS# 22317632
1 / 70
Property Description
5100 Atlantic Ave, MLS # NJCM2002172, is an Income producing Luxury Private Boutique Condotel Motel, known as the ''5100 Vacation Club.'' A second parcel on 5200 Atlantic Avenue is also included with the sale. This parcel is being sold for the new construction of a sister condotel motel, to add an additional 11 Luxury Private suites totaling 22 keys, between the two properties. Newly renovated throughout, the ''5100 Vacation Club'', provides vacationers with the serenity luxury private suites with the outside courtyard, poolside or just a block to the beach, boardwalk, local restaurants and eateries, enjoying this vacationing community.
Details
Contract Info
Status: Active
List Date: 2023-06-28
Property Sub-Type: Mixed Use
Sale: Yes
Lease: No
List Price: $5,890,000
Current Price: $5,890,000
New Construction: No
Location
County: Cape May
Postal City: Wildwood
State: NJ
Zip Code: 08260
Area/Section: None
Complex/Subdivision: None
Directions: From Parkway, W Rio Grande Ave to Atlantic Ave, Make a Right to 3rd Block, 5100 Atlantic Ave.
General Property Info
Handicap Access: Yes
# Levels: 3
Garage: No
Lot Dimensions: 100 x 90
Year Established: 2016
Franchise: Yes
Tax and Legal
Asmnt - Total: 731900
Deed Restricted: No
Taxes: 11540
Tax Year: 2022
Property Features
Use: Other
Heating: Baseboard; Forced Air; Hot Water; Natural Gas
Water Heater: Multiple; Natural Gas; Tankless
Water: Public Water
Sewer: Public Sewer; Storm Sewers
Gas: At Street; On Site
Electric: 220 Volt
Parking: Assigned; Off Street; On Street; Paved; Reserved
Assessment Status: Assessed
Listing Office: Weichert Realtors-Ship Bottom
Listing Agent: Scott McSorley
Last Updated: September - 18 - 2023
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Monmouth Ocean Regional REALTORS®, and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.