3200 Atlantic AveWildwood, NJ 08260

Property Details for 3200 Atlantic Ave

Year built

1969

Construction

CONCRETE BLOCKS

Lot size

0.51 AC

Zone code

TE

Property type

Commercial real estate

APN

14 00201-0000-00002

APU

1400201000000002

Description

The Isle of Palms Motel presents a unique investment opportunity in the vibrant Wildwood, NJ beachfront market. This established 54-unit resort boasts 24 two-room efficiencies and 30 two-room suites, catering to a broad range of travelers. An added benefit is the inclusion of separate owner's quarters, providing convenient on-site management capabilities. Located just one block from Wildwood's renowned beach, boardwalk, amusement piers, and water parks, the property enjoys unparalleled access to key attractions. Guests can easily walk to all the entertainment and excitement Wildwood offers. The motel itself is equipped with a comprehensive array of amenities designed to enhance the guest experience and maximize revenue potential. These include a fitness room, sauna, game room, elevator, complimentary guest laundry facilities, a large heated outdoor pool, a jacuzzi, and a kiddie pool, solidifying its position as a premier family resort destination. This turnkey operation is ready for a new owner to continue its success and capitalize on the strong demand for beachfront accommodations in Wildwood. The property's prime location and extensive amenities make it an exceptional investment opportunity in a thriving tourist market. Serious inquiries only, appointments are required for viewing.

• Alternative Use

  Use

  Valuation

  Residential

  $7,281,365

  Hospitality

  $6,669,692

  Educational

  $5,549,105

  Medical

  $5,739,947

  Retail

  $8,631,941

Location Insight

City

Wildwood

County

Cape May

State

New Jersey

Latitude

38.9898

Longitude

-74.8109

CBSA code

36140

CBSA name

OCEAN CITY, NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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