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MLS#:	250984
Property	Commercial/Industrial
Price:	$3,250,000.00
Location:	5100 Ocean Avenue, Starfire Motel
City:	Wildwood
State:	NJ
Bedrooms:	0
Bathrooms:	0
Lot Size:
YearBuild:	1959
Taxes:	$33,320.00(2022)

5100 Ocean Avenue, Starfire Motel Wildwood, NJ 250984 Add to List

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 TURNKEY AND READY FOR THE 2025 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.

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LOCATION
      Beach Block

EXTERIOR
      Concrete

EXTERIOR FEATURES
      Swimming Pool
      Sign
      Fence
      Security Light/System

INTERIOR FEATURES
      Handicap Features
      Security System
      Smoke/Fire Alarm

SPECIALTY ROOMS
      Office Space Avail
      Laundry Room
      Utility Room

AVAILABLE
      Entertaining Space
      Furnishings
      Income Expense Info
      Living Space
      Utility Information

FLOORING
      Wall To Wall Carpet

LOCATION
      Other (See Remarks)

PARKING
      One Per Unit Motel/Hotel

HEATING
      Gas Natural

COOLING
      Wall Air Conditioning

WATER
      City
      City

COOLING
      Gas

FINANCING AVAILABLE
      Conventional

SHOWING INFORMATION
      Appointment Only

TYPE
      Motel

UNIT LOCATION
      Water View

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Let HOFFMAN AGENCY be your buyer agent for this listing. Listing is provided by HOFFMAN AGENCY and Cape May County MLS. The data relating to real estate for sale on this web page appears in part through the Cape May County MLS program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which we participate, and is provided by Cape May County MLS through a licensing agreement.
Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to change, withdrawal, or prior sale.