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Home For Sale

Picture of Home For Sale in Wildwood, New Jersey, United States

$5,890,000

5200 Atlantic Ave
Wildwood, New Jersey, United States

3bd 2ba

Listed By: Realtyww Info

Listed On: 06/18/2023

Listing ID: GL10010125 View More Details

Description

5200 Atlantic Ave MLS # NJCM2002198 is being sold as a package deal with 5100 Atlantic Ave-Commerical Sale- MLS# NJCM2002172 which is a income producing Luxury Boutique Condotel Motel. 5200 Atlantic Ave has is being sold for land only for new construction. Both parcels are zoned H/M 1. Up to 11 Family Suites can be built on 5200 Atlantic Avenue for another Luxury Boutique Condotel Hotel. Artist's renderings depict and represent the new construction of the solid cedar built units. Commercial and residential mixed use is allowed. The residential floor plans for the new Luxury Family Suites as well as fully rendered 3D Walkthroughs, material costs are available upon request. Seller is also offering finance options and willing to hold a note for 50% financing. This would be for qualified buyers and note would be in 1st position. In addition, an assumable SBA loan can be provided that is transferrable at 3.258 %. Owner will require 50% down in order to hold a note.

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Listed by: Weichert Realtors - Ship Bottom
Source: The World Property Journal

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