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$ 1,790,831
Est. payment | /mo
$ 1,790,831
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 261307
Annual Tax Amount $9,097
Tax Year 2025
Lot Dimensions 90.00 x 12
Property Sub-Type Mixed Use
Property Description
Exceptional mixed-use investment opportunity in the heart of Wildwood's rapidly expanding redevelopment corridor! This turn-key commercial portfolio offers incredible cash flow potential with seven possible income streams, making it the perfect opportunity for investors, developers, or business owners looking to diversify and expand their portfolio. Located within the Wildwood Redevelopment Zone, this unique property may provide additional redevelopment incentives and long-term upside potential. Situated on a large 90 x 120 lot, the property features approximately 4,800 square feet of retail/commercial space, a detached garage with second-floor space, a rear parking area, and an additional income-producing cottage currently operating as a successful Airbnb. Positioned within Wildwood's growing business district and surrounded by residential and mixed-use development, this property offers immediate cash flow with significant long-term redevelopment and appreciation potential. Major capital improvements have already been completed, including all new exterior storefronts (2023), new electric and plumbing (2022), new HVAC systems, doors, windows, drywall, and interior paint (2022), plus a new roof installed in 2021. Additional site work was completed in 2022, including upgraded water, sewer, separate water meters in each unit and electric infrastructure.
Location
State NJ
County Cape May County
Area Wildwood
Zoning PARZ
Rooms
Other Rooms Retail Store
Interior
Heating Gas Natural
Cooling Central Air Conditioning, Electric
Exterior
Parking Features 6 To 10 Spaces
Building
Sewer Public
Water Public
Listed by RE/MAX ONE REALTY
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