209 E Spicer Avenue

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209 E Spicer Avenue

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 property available for purchase in Wildwood New Jersey
  • Motel asset located at 209 E Spicer Avenue
  • Positioned within a major regional seasonal tourism market
  • Asset suits investors focusing on the hospitality sector
  • Convenient access to area beaches and boardwalk attractions

What's Special

This hospitality asset is currently for sale, presenting a functional option for investors looking to establish a presence in the Wildwood, New Jersey market. As a coastal community, Wildwood attracts significant seasonal tourism, driving consistent demand for lodging accommodations throughout the spring and summer months. The property is situated at 209 E Spicer Avenue, placing it within the heart of this regional vacation destination. Prospective owners can leverage the motel's position to serve the influx of visitors drawn to the nearby beaches and boardwalk attractions. The site provides a straightforward foundation for operators to implement management strategies or value-add improvements to enhance guest experiences. Given its location in a popular shore town, this facility is well-positioned for those seeking to capitalize on the robust hospitality sector that defines the local economic landscape.

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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