Premiere Motor Inn | 3218 Atlantic Ave
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Premiere Motor Inn 3218 Atlantic Ave
39 Room Hotel Wildwood, NJ 08260 $5,775,000 ($148,077/Room)
INVESTMENT HIGHLIGHTS
- Roof top pool, off street parking, close to beach, private balconies
- 39 Room Motel, Heat, Ac, Efficiencies, 2 room Suites
EXECUTIVE SUMMARY
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 pool—perfect 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 Wildwood’s 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. Don’t miss out—reach out today to learn more about how you can make this established business your own!
PROPERTY FACTS
| Price | $5,775,000 | Building Size | 25,252 SF |
| Price Per Room | $148,077 | No. Rooms | 39 |
| Sale Type | Investment | No. Stories | 4 |
| Property Type | Hospitality | Year Built | 1971 |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.34 AC |
| Price | $5,775,000 |
| Price Per Room | $148,077 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 25,252 SF |
| No. Rooms | 39 |
| No. Stories | 4 |
| Year Built | 1971 |
| Corridor | Interior |
| Opportunity Zone |
Yes |
AMENITIES
- Pool
- Outdoor Pool
- Airport Terminal Landside Access
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 39 | $102.00 | - |
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Walk Score®
Very Walkable (81)
PROPERTY TAXES
| Parcel Number | 14-00201-0000-00001 | Improvements Assessment | $1,230,000 |
| Land Assessment | $800,000 | Total Assessment | $2,030,000 |
PROPERTY TAXES
Parcel Number
14-00201-0000-00001
Land Assessment
$800,000
Improvements Assessment
$1,230,000
Total Assessment
$2,030,000
ZONING
| Zoning Code | TE |
| TE |
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Premiere Motor Inn | 3218 Atlantic Ave
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