400 E Spencer Avenue, Wildwood, NJ 08260
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400 E Spencer Avenue, Wildwood, NJ 08260
400 E Spencer Avenue, Wildwood, NJ 08260
400 E Spencer Avenue, Wildwood, NJ 08260
400 E Spencer Avenue, Wildwood, NJ 08260
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Sara Pensabene

Sara Pensabene

+1(540) 336-5057
$ 2,890,000
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Under Contract

400 E Spencer Avenue Wildwood, NJ 08260

20,000 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial/Industrial

Listing Status Under Contract

Purchase Type For Sale

Square Footage 20,000 sqft

Price per Sqft $144

MLS Listing ID 252840

Annual Tax Amount $17,545

Tax Year 2024

Lot Dimensions 100x200

Property Sub-Type Commercial/Industrial

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.

Location

State NJ

County Cape May County

Area Wildwood

Zoning comm

Location Details Beach Block,Business District,Boardwalk,Other (See Remarks),Water View

Rooms

Other Rooms Laundry Room, Utility Room

Interior

Interior Features 220 Volt Electricity, Living Space Available, Smoke/Fire Alarm, Storage

Hot Water Electric

Heating Electric, Solar

Cooling Wall Air Conditioning

Flooring Other (See Remarks)

Exterior

Exterior Feature Storage Building, Security Light/System

Parking Features 11 Or More Spaces, Paved

Building

Lot Description Beach Block, Business District, Boardwalk, Other (See Remarks), Water View

Story 2

Sewer City

Water City

Structure Type Block,Concrete,Other (See Remarks),Wood/Frame

Others

Acceptable Financing Conventional

Listing Terms Conventional

Financing Conventional

Listed by HOFFMAN AGENCY

NEARBY SCHOOLS & PROPERTIES

Sara Pensabene

Sara Pensabene

Agent | License ID: 2080383

+1(540) 336-5057

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400 E Spencer Avenue

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