400 E Spencer Avenue, Wildwood NJ |CMCMLS| Cape May County Association of Realtors

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400 E Spencer Avenue, Wildwood, NJ - Active

For Sale: $3,200,000

Beds: Baths:

Type: Commercial/Industrial

DOM: 0 Days

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PROPERTY DESCRIPTION

Rare offering in the heart of Wildwood a well-maintained beach block property featuring an expansive parking lot with capacity for 80 100 cars plus a 3-bedroom, 2-bath year-round apartment with living room and kitchen. The apartment roof has been recently replaced, and the property has been kept in excellent condition, providing immediate rental income and strong holding potential. This site presents unlimited possibilities for developers and investors. Continue to operate the parking lot as a steady cash-flowing business while exploring plans for a future redevelopment project. Its location on the east side of Ocean Avenue offers direct proximity to the boardwalk, beach, and all of Wildwood s attractions ideal for condos, multifamily residences, boutique lodging, or mixed-use concepts. With fabulous growth and redevelopment opportunities in Wildwood, this property is perfectly positioned for both short-term returns and long-term vision. Don t miss one of the last true beach block parcels of this size an opportunity with endless potential.

PROPERTY FEATURES

Heating:Electric
Heating:Solar
220 Volt Electricity
Living Space Available
Smoke/Fire Alarm
Storage
Conventional
11 Or More Spaces
Paved
Heater:Electric
220 Volt Electricity
Living Space Available
Smoke/Fire Alarm
Storage
Cooling:Wall Air Conditioning

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ADDITIONAL PROPERTY PICTURES

Listing is provided by HOFFMAN AGENCY, Carole Pantalone, 609-522-8177. 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.

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