MLS: 250984   Price:  $3,250,000 
 
Wildwood, New Jersey 


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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PROPERTY SPECIFICATIONS                                                                        
 Type:
 Lot Size: 100X100
 Frontage:

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PROPERTY FEATURES

  * LOCATION
      Beach Block
      Water View

  * EXTERIOR
      Concrete

  * EXTERIOR FEATURES
      Swimming Pool
      Sign
      Fence
      Security Light/System

  * PARKING
      One Per Unit Motel/Hotel

  * 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
      Other (See Remarks)

  * HEATING
      Gas Natural

  * COOLING
      Wall Air Conditioning

  * WATER
      City

  * SEWER
      City

  * HOT WATER
      Gas

  * FINANCING AVAILABLE
      Conventional

  * TYPE
      Motel


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Disclaimer: All information deemed reliable but not guaranteed and should be independently verified.




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