Wildwood, NJ 08260,5106 OCEAN AVE
Wildwood, NJ 08260,5106 OCEAN AVE
Wildwood, NJ 08260,5106 OCEAN AVE
46
$2,200,000
$2,649,500
17.0%
Est.Price: ?

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15,000 SqFt

5106 OCEAN AVE Wildwood, NJ 08260

Est. payment /mo
SOLD DATE : 12/30/2021

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Key Details

Sold Price $2,200,000

Property Type Commercial

Sub Type Five Or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 15,000 sqft

Price per Sqft $146

MLS Listing ID NJCM103552

Sold Date 12/30/21

HOA Y/N N

Originating Board BRIGHT

Year Built 1952

Tax Year 2018

Lot Size 0.344 Acres

Acres 0.34

Lot Dimensions 100 x 140

Property Description

The Lufran Motel is a tremendous opportunity to own a 27 room motel with one of the largest pools with unobstructed direct ocean views. This is a seasonal income producing property which gets inundated with summer vacationers seeking beach fun and poolside relaxation. Customer activity and bookings have increased significantly in the past years with more people staying before and after the summer season. The motel grounds are spacious with plenty of outside area for upper deck and pool side lounging with tables & cooking areas for motel guests.

The beach and boardwalk access is minutes right outside the door and in minutes guests can have their feet on the beach sand or on their way to boardwalk for food, games and entertainment. A variety of incredible restuarants and eateries are just a short walk to the next street. Located direct on Ocean Ave, this is a prime location and opportunity, having direct ocean views and access to the Wildwood Boardwalk & convention center.

This is a must see in order to see the beautiful ocean views and really gain an understanding of this significant business opportunity and its location. The motel property is being sold "As Is". The property is perfectly suited for updating or new construction with 100 x 140 sq ft, of direct unobstructed ocean view frontage to update or develop with new condotel construction.

The Wildwood area has had some large scale development with state and federal funding. This area is a diamond in the rough. This location has a flexible, buildable footprint. For options, please call listing agent to discuss opportunites!

Location

State NJ

County Cape May

Area West Wildwood Boro (20513)

Zoning 4A COMMERCIAL

Direction West

Interior

Hot Water Electric

Heating Hot Water

Cooling Wall Unit

Flooring Laminated

Equipment See Remarks

Heat Source Natural Gas

Exterior

Garage Spaces 21.0

Utilities Available Phone, Sewer Available, Under Ground, Water Available, Natural Gas Available, Cable TV Available, Electric Available, Above Ground

Water Access N

View Water, Ocean

Roof Type Asphalt

Street Surface Black Top

Accessibility 2+ Access Exits

Road Frontage City/County

Total Parking Spaces 21

Garage N

Building

Lot Description Additional Lot(s), Backs - Parkland, Poolside

Foundation Block, Concrete Perimeter, Slab

Sewer Public Sewer

Water Public

New Construction N

Schools

Elementary Schools Glenwood Ave

Middle Schools Wildwood

High Schools Wildwood

School District Wildwood City Schools

Others

Tax ID 00015140

Ownership Fee Simple

SqFt Source Estimated

Security Features Surveillance Sys,Window Grills

Acceptable Financing Negotiable

Listing Terms Negotiable

Financing Negotiable

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Scott McSorley • Weichert Realtors - Ship Bottom
Bought with Scott McSorley • Weichert Realtors - Ship Bottom
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1350 Florida Ave NE, DC, DC, 20002

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