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 type situated in a prominent coastal market
  • Targeting investors or operators interested in shore hospitality
  • High seasonal visitor traffic supports regional tourism economy
  • Positioned along a major thoroughfare for guest visibility

What's Special

The hospitality property at 5010 Ocean Avenue in Wildwood, New Jersey, is currently available for purchase by investors or operators seeking a foothold in this coastal market. As a established motel, the asset serves the high volume of seasonal visitors that travel to this barrier island city each year. Wildwood maintains a strong regional reputation for its expansive boardwalk and tourism-driven economy, providing a consistent flow of guests throughout the warmer months. Prospective owners may evaluate this site for continued motel operations or potential redevelopment projects consistent with local zoning. The coastal submarket benefits from proximity to major shore points and a population that fluctuates significantly during the summer season. Capitalizing on the high visibility of Ocean Avenue allows for strategic positioning within the competitive hospitality landscape of the Jersey Shore. This acquisition represents a functional addition to a commercial portfolio in a well-trafficked Atlantic resort community.

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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