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    5106 Ocean Avenue

    WILDWOOD, NJ 08260
    • $2,649,500
    • STATUS: Active
    • ON SITE: 667 days
    • MLS #: NJCM103552
    UPDATED: 190 min ago
    $2,649,500
    • 0
      BEDS
    • 0.34
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1952
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    The Lufran Motel is a tremendous opportunity to own a 27 room motel with one of the largest pools with unobstructed direct ocean views. This is a seasonal income producing property which gets inundated with summer vacationers seeking beach fun and poolside relaxation. Customer activity and bookings have increased significantly in the past years with more people staying before and after the summer season.+GG The motel grounds are spacious with plenty of outside area for upper deck and pool side lounging with tables & cooking areas for motel guests.The beach and boardwalk access is minutes right outside the door and in minutes guests can have their feet on the beach sand or on their way to boardwalk for food, games and entertainment. A variety of incredible restuarants and eateries are just a short walk to the next street. Located direct on Ocean Ave, this is a prime location and opportunity, having direct ocean views and access to the Wildwood Boardwalk & convention center.This is a must see in order to see the beautiful ocean views and really gain an understanding of this significant business opportunity and its location. The motel property is being sold "As Is".+GG The property is perfectly suited for updating or new construction with 100 x 140 sq ft, of direct unobstructed ocean view frontage to update or develop with new condotel construction. The Wildwood area has had some large scale development with state and federal funding.+GG This area is a diamond in the rough. This location has a flexible, buildable footprint. For options, please call listing agent to discuss opportunites!+GG

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    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Dekanski Home Selling Team :: RE/MAX 1st Advantage. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-08-01T23:51:31.853.
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    5106 Ocean Avenue WILDWOOD, NJ 08260

    • Price: $2,649,500
    • Status: Active
    • Updated: 190 min ago
    • MLS #: NJCM103552
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.34
    Acres
    1952
    Built
    Neighborhood:
    West Wildwood Boro (20513)
    County:
    Cape May
    Area:
    West Wildwood Boro (20513)
    Elementary School:
    Glenwood Ave
    Middle School:
    Wildwood
    High School:
    Wildwood
    School District:
    Wildwood City Schools
    Property Description
    The Lufran Motel is a tremendous opportunity to own a 27 room motel with one of the largest pools with unobstructed direct ocean views. This is a seasonal income producing property which gets inundated with summer vacationers seeking beach fun and poolside relaxation. Customer activity and bookings have increased significantly in the past years with more people staying before and after the summer season.+GG The motel grounds are spacious with plenty of outside area for upper deck and pool side lounging with tables & cooking areas for motel guests.The beach and boardwalk access is minutes right outside the door and in minutes guests can have their feet on the beach sand or on their way to boardwalk for food, games and entertainment. A variety of incredible restuarants and eateries are just a short walk to the next street. Located direct on Ocean Ave, this is a prime location and opportunity, having direct ocean views and access to the Wildwood Boardwalk & convention center.This is a must see in order to see the beautiful ocean views and really gain an understanding of this significant business opportunity and its location. The motel property is being sold "As Is".+GG The property is perfectly suited for updating or new construction with 100 x 140 sq ft, of direct unobstructed ocean view frontage to update or develop with new condotel construction. The Wildwood area has had some large scale development with state and federal funding.+GG This area is a diamond in the rough. This location has a flexible, buildable footprint. For options, please call listing agent to discuss opportunites!+GG
    Exterior Features

    Construction Materials Advanced FramingCopper PlumbingGalvanized PlumbingStructural Insulated Panel System (Sips)Wood SidingOther Direction Faces West Garage YN No Location Type Business District Lot Features Additional Lot(S)Backs - ParklandPoolside Other Equipment See Remarks Parking Types Parking LotDrivewayOn Street Property Condition Below AverageMajor Rehab NeededVery Good Riparian Rights YN No Road Responsibility City/County Road Surface Type Black Top Roof Asphalt Soil Types Unknown View WaterOcean Water Access YN No Water Oriented YN No Water View YN Yes Waterfront YN No

    Interior Features

    Building Area Total 15000.00 Cooling Wall Unit Exclusions None Noted Flooring Laminated Heating Hot Water Heating YN Yes Inclusions All Commercial Inventory On Property Net Square Feet 15000.00 Security Features Surveillance SysWindow Grills

    Property Features

    Acceptable Financing Negotiable Accessibility Features 2+ Access Exits Assessment Year 2018 Association YN No Building Permits Unknown Business Type Hotel/Motel Central Air YN No Cooling Fuel Electric Cross Street East Hildreth Ave Electric 120/240V Electric Average Monthly 0 Electric Last12 Months 0.00 Elevator Use Fee 0.00 Elevators 0 Entry Level 1 Foundation Details BlockConcrete PerimeterSlab Front Foot Fee 0.00 Heating Fuel Natural Gas Historic YN No Hot Water Electric Internet Services Fiber Optic Lease Considered YN No Municipality West Wildwood Boro Navigable Water YN N New Construction YN No Number Of Units Total 27 Original MLSNumber 302076394539 Ownership Interest Fee Simple Possession ImmediateNegotiable Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 0.00 Tax Assessment Amount 38253.00 Tax Lot 6 Utilities PhoneSewer AvailableUnder GroundWater AvailableNatural Gas AvailableCable Tv AvailableElectric AvailableAbove Ground Vacation Rental YN No Water Sewer Hookup Fee 0.00 Water Source Public Year Built Effective 2019 Zoning 4A COMMERCIAL Zoning Description 27 Unit Motel2 Story

    Listing courtesy of Weichert Realtors - Ship Bottom.


    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Dekanski Home Selling Team :: RE/MAX 1st Advantage. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-08-01T23:51:31.853.
     
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    The Dekanski Home Selling Team :: RE/MAX 1st Advantage
    170 Inman Avenue
    Colonia NJ, 07067