5100 Ocean Avenue, Wildwood, NJ 08260 | MLS 223515 | Listing Information | Berkshire Hathaway HomeServices Fox & Roach, REALTORS | Berkshire Hathaway HomeServices Fox & Roach, REALTORS
FOR SALE
$3,250,000  

5100 Ocean Avenue
Wildwood, NJ 08260

Other
Commercial
7,044
Sq. Ft.
N/A
Acre Lot
1of
Photos
Map
Courtesy: HOFFMAN AGENCY
LIKE EVERYONE SAYS LOCATION, LOCATION AND THIS FAMILY RUN MOTEL HAS IT ALL!!! THE STARFIRE MOTEL LOCATED ON OCEAN AND LEAMING AVENUES IN WILDWOOD IS THE PERFECT SPOT FOR YOUR SUMMER VACATION IN THE WILDWOODS. THE STARFIRE HAS A WONDERFUL REPEAT CLIENTELE, AND HAS HAD IT FOR MANY YEARS AND HOLDS A 97% OCCUPANCY RATE THROUGHOUT THE SUMMER SEASON. THE MOTEL CONSISTS OF 21 UNITS 7 OF THE UNITS ARE EFFICIENCIES. ALL THE UNITS HAVE COMPLETELY BEEN RENOVATED WITHIN THE LAST THREE YEARS. THE FIRST FLOOR HAS ALL NEW TILE. THE SECOND FLOOR IS CURRENTLY IN THE PROCESS OF TRANSITIONING TO TILE, EVEN THOUGH THE CARPET IS JUST THREE YEARS OLD. ALL THE PLUMBING IN THE ENTIRE MOTEL HAS BEEN REPLACED, USING ALL COPPER, AND EACH GUEST ROOM HAS ITS OWN EMERGENCY SHUT OFF VALVE. THERE IS A ONE BEDROOM AND ONE BATH OWNERS QUARTER WITH LIVING ROOM/DINING ROOM AND KITCHEN WITH LAUNDRY ROOM. THE LOBBY AREA HAS BEEN RENOVATED AS OF SPRING 2022, WITH NEW WINDOWS, DOORS, NEW RAMP, STAIRS AND CONCRETE WORK. NEW RAILING WERE ALSO REPLACED COMPLETELY AROUND THE ENTIRE MOTEL AT A COST OF $75,000.00. THE POOL WAS REFACED 2 YEARS AGO AND TILE IS NEW AS WELL. THE HEATER AND POOL PUMP AND OTHER EQUIPMENT WAS ALSO REPLACED 2 YEARS AGO. THERE IS ALSO SECURITY AND SURVEILLANCE CAMERAS LOCATED ALL THROUGH OUT THE EXTERIOR OF THE PROPERTY AND 21 PARKING SPACES ONE FOR EACH UNIT. THIS PROPERTY IS TURN KEY AND READY FOR THE 2023 SUMMER SEASON. THIS IS TRULY A MOTEL THAT HAS HAD A LOT OF LOVE AND ATTENTION FROM ITS CURRENT OWNERS. I ALMOST FORGOT TO MENTION THE OCEAN VIEWS ARE AMAZING AND YOU WILL ALWAYS KNOW YOU ARE AT THE STARFIRE WHEN YOU HEAR THOSE FAMOUS WILDWOOD WORDS "WATCH THE TRAM CAR PLEASE". YES YOUR THAT CLOSE TO THE BOARDWALK.
223515
Other, 2 Story
Cape May
1959
City
2
Other
City
7,044 Sq. Ft.
21 Total
Interior Features
Flooring
Carpet
Cooling
Wall Unit(s)
Heating
Gas Heat. .
Security
Security System
Additional Interior Features
Features: Handicap Features,Security System,Smoke/Fire Alarm; Flooring: Wall To Wall Carpet,Other (See Remarks)
Exterior / Lot Features
Parking
One Per Unit Motel/Hotel.
Exterior
Other
Lot Dimensions
100X100
Zoning
COMMERCIAL
Additional Exterior/Lot Features
Swimming Pool,Sign,Fence,Security Light/System.
Community Features
Security Features
Security System
Complex Features
Security System
Financial Considerations
$33,320