3400 Boardwalk, Unit 3J, Wildwood NJ |CMCMLS| Cape May County Association of Realtors

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3400 Boardwalk, Unit 3J, Wildwood, NJ - Active

For Sale: $714,000

Beds: Baths:

Type: Retail

DOM: 0 Days

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PROPERTY DESCRIPTION

This prime Wildwood Boardwalk unit boasts 16.1 feet of direct boardwalk frontage, offering unmatched visibility in one of the area s busiest and most visited locations, just steps from Mariner s Pier. The property is currently under a $50,000 NNN lease, set to run through 2027 with a five-year extension option, making it a solid investment opportunity. Previously home to a basketball game, this space is now part of Wally s Restaurant. At the current asking price and under the existing lease, the property provides a 7% return for investors. Unit 3K is available for $2,299,000 and generates $155,000 in annual rental income, including $140,000 from the same lease terms with the same tenant and $15,000 from a Coca-Cola lease for the iconic sign, resulting in a 6.74% cap rate.

PROPERTY FEATURES

Heating:No Heating
1 To 5 Spaces
Cooling:Central Air Conditioning
Cooling:Wall Air Conditioning

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ADDITIONAL PROPERTY PICTURES

Listing is provided by DON MARTIN REALTY, INC, Richard Martin, 609-729-8855. 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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