3218 Atlantic Ave - Hospitality FOR SALE


Wildwood, NJ 08260
$5,775,000 USD
609-374-0325
3218 Atlantic Ave, Wildwood, NJ for Sale
$5,775,000 USD
Hospitality - FOR SALE
1/41
null | Request Cap Rate

3218 Atlantic Ave
Wildwood, NJ 08260


HIGHLIGHTS

  • Roof top pool, off street parking, close to beach, private balconies
  • 39 Room Motel, Heat, Ac, Efficiencies, 2 room Suites

OVERVIEW

Centrally Located 39-Room Motel with Recent Upgrades Discover this iconic Wildwood motel, a beloved establishment in operation for over 50years. Offering a variety of spacious 2-room efficiencies, 2 room executive suites or VIP rooms, this property features off-street parking, private balconies, and a stunning rooftop pool—perfect for relaxation and enjoying ocean views or the vibrant fireworks displays. Located just over a block from the famous boardwalk and beach, this motel is ideally positioned to capitalize on the many events hosted on the island, including the Barefoot Music Fest, sports tournaments, and beach races. Guests will appreciate the proximity to Wildwood’s exciting nightlife and attractions. One room on floor level used to be operated as multiple different businesses like Ice Cream sales. With numerous recent upgrades, this motel presents a turnkey opportunity for the next owner. Don’t miss out—reach out today to learn more about how you can make this established business your own!

FOR SALE DETAILS

PRICE

$5,775,000 USD

PRICE/SF

$229 USD /SF

# OF ROOMS

39

PRICE/ROOM

$148,077 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Premiere Motor Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1971

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

TE

APN/PARCEL ID

14-00201-0000-00001

ASK ABOUT THIS PROPERTY

Carol MenzCoastline RealtyMore Info
609-374-0325

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Carol MenzCoastline RealtyMore Info
609-374-0325

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.