500 Ocean Avenue

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500 Ocean Avenue

North Wildwood, NJ 08260
Asking Price
Contact for price
Asset Type
Motel Hospitality
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Hospitality asset located at 500 Ocean Avenue in North Wildwood
  • Motel property situated within the New Jersey coastal tourism market
  • Facility serves the regional seasonal vacation and rental economy
  • Positioned near municipal beach access and local entertainment districts
  • Strategic location within a well-established Atlantic shore submarket

What's Special

North Wildwood serves as a prominent coastal destination along the New Jersey shoreline, drawing consistent seasonal tourism and weekend visitors from throughout the Mid-Atlantic region. The property at 500 Ocean Avenue operates as a hospitality asset within this vibrant seaside community, benefiting from proximity to the Atlantic Ocean and the local tourism infrastructure. Hospitality real estate in this submarket caters primarily to seasonal demand, supporting a range of guest accommodations during peak summer months. Given its strategic placement, this motel presents a functional venue for investors seeking to participate in the regional vacation rental market. The site layout supports traditional hospitality operations, allowing for potential repositioning or continued use as an independent lodging facility. Its location provides accessibility to municipal beaches and entertainment districts, which remain key drivers for property performance in North Wildwood.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

Location & Travel Times