5010 Ocean Avenue

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5010 Ocean 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 asset located at 5010 Ocean Avenue in Wildwood
  • Motel property situated within the 08260 zip code area
  • The site operates within a major New Jersey coastal market
  • Asset is currently available for purchase by interested parties
  • Suitable for continued use as a regional seasonal motel

What's Special

Operating as a hospitality asset in Wildwood, New Jersey, this motel property at 5010 Ocean Avenue presents a functional opportunity for investors or operators focused on the shore tourism market. The site is positioned within a well-traveled coastal destination known for its expansive boardwalk and seasonal visitor base. As an established hospitality venue, the property serves as a base for tourists visiting the Atlantic coastline during peak summer months. Its location within the 08260 zip code aligns with the regional demographic of seasonal hospitality operations. Prospective buyers may consider continuing current motel operations or exploring repositioning strategies suited for a beach-oriented business model. Given the property's configuration, it remains adaptable to various management styles common to the South Jersey tourism sector. Capitalizing on the consistent demand for coastal lodging remains a primary objective for those evaluating this asset for their portfolio.

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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