3218 Atlantic Avenue Wildwood, NJ $ 4,650,000
3218 Atlantic Avenue
$ 4,650,000
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3218 Atlantic Avenue

Wildwood, NJ, 08260
$ 4,650,000
Bedrooms-- Baths--

Monthly Estimate*

$ 29,010

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Commercial Property for sale in Wildwood, NJ

for $4,650,000. This building was built in 1971 on a lot size of 0.34.

Centrally Located 39-Room Motel with Recent Upgrades Discover this iconic Wildwood motel, a beloved establishment in operation for over 50years. Offering a variety of spacious 2-room efficiencies, 2 room executive suites or VIP rooms, this property features off-street parking, private balconies, and a stunning rooftop poolperfect for relaxation and enjoying ocean views or the vibrant fireworks displays. Located just over a block from the famous boardwalk and beach, this motel is ideally positioned to capitalize on the many events hosted on the island, including the Barefoot Music Fest, sports tournaments, and beach races. Guests will appreciate the proximity to Wildwoods exciting nightlife and attractions. One room on floor level used to be operated as multiple different businesses like Ice Cream sales. With numerous recent upgrades, this motel presents a turnkey opportunity for the next owner. Dont miss outreach out today to learn more about how you can make this established business your own! approx 32 parking spots in lot

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Commercial Pending

Price

$ 4,650,000

Property Type

Commercial

Taxes

$ 60,920

Style

Hotel/Motel

Lot Size

0.34

Year Built

1971

Town/City

Wildwood

County/Region

Cape May

MLS | Web ID

NJCM2004142

Features
Interior
Heating Fuel Electric
Hot Water Natural Gas
Heating Y/N Y
Central Air Y/N N
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General
Sewer Public Sewer
Heating Forced Air
Cooling Ceiling Fan(s) Wall Unit
Possession Immediate
Zoning TE
Construction Materials Block
Year Built 1971
Electric 220 Volts 3 Phases
View Ocean
Property Subtype Other
Tax Year 2024
Current Use Hotel/Motel
Cool Fuel Electric
Municipality WILDWOOD CITY
Business Type Hotel/Motel
Accessibility Elevator
County CAPE MAY
New Construction N
Property Type Business Opportunity
Water Access Y/N N
Status PENDING
Directions Take garden state parkway south to wildwood exit continue onto island and make left onto atlantic
City WILDWOOD
MLS Area Wildwood City (20514)
Lot Size Units Square Feet
Lot Size Square Feet 15002.00
Tax Annual Amount 60920.0
Historic Y/N N
Lease Considered Y/N N
Vacation Rental Y/N N
Location Type Downtown
Standard Status Pending
Year Built Source Assessor
Tax Lot 00001
Association Recreation Fee N
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Exterior
Water Source Public
Type of Parking Parking Lot On Street
Water View Y/N Y
Building Area Total 0.00
Lot Dimensions 100.00 x 150.00
Lot Size Acres 0.34
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 800000.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 3218
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* Excluded Features
List By
Coastline Realty, Llc

Broker

taimenz@coastlinerealty.com

Email

Affordability Calculator

$34,087
Per Month
85%
15%
0%
Monthly Principal & Interest
$29,010
Monthly Property Taxes
$5,077
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/13/2025$4,650,000 -4.12% Price Down
4/25/2025$4,850,000 -3.00% Price Down
3/12/2025$4,999,999 -11.89% Price Down
2/16/2025$5,675,000 -1.73% Price Down
1/30/2025$5,775,000 -0.43% Price Down
10/4/2024$5,800,000 Listed Price

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3218 Atlantic Avenue, Wildwood, NJ, 08260 is a Commercial Property for sale at $4,650,000 with a lot size of 0.34. 3218 Atlantic Avenue was built in 1971. The property's zip code is 08260 which is in Wildwood, NJ