3400 Boardwalk #Unit 3J, Wildwood, NJ 08260
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3400 Boardwalk #Unit 3J, Wildwood, NJ 08260
3400 Boardwalk #Unit 3J, Wildwood, NJ 08260
3400 Boardwalk #Unit 3J, Wildwood, NJ 08260
3400 Boardwalk #Unit 3J, Wildwood, NJ 08260
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Sara Pensabene

Sara Pensabene

+1(540) 336-5057
$ 714,000
Est. payment /mo
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3400 Boardwalk #Unit 3J Wildwood, NJ 08260

692 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 692 sqft

Price per Sqft $1,031

MLS Listing ID 253064

Annual Tax Amount $12,477

Tax Year 2024

Lot Dimensions 48800

Property Sub-Type Retail

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 $2,099,000 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.

Location

State NJ

County Cape May County

Area Wildwood

Zoning BA-1

Location Details Business District,Boardwalk

Interior

Heating No Heating

Cooling Central Air Conditioning, Wall Air Conditioning

Exterior

Parking Features 1 To 5 Spaces

Building

Lot Description Business District, Boardwalk

Story 1

Sewer City

Water City

Listed by DON MARTIN REALTY, INC

NEARBY SCHOOLS & PROPERTIES

Sara Pensabene

Sara Pensabene

Agent | License ID: 2080383

+1(540) 336-5057

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3400 Boardwalk #Unit 3J

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