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Type: Retail |
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LOT:
48800 |
| Taxes: 12477.6
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| Area: Wildwood
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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 $2,099,000 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.
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- Heating:No Heating
- 1 To 5 Spaces
- Cooling:Central Air Conditioning
- Cooling:Wall Air Conditioning
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| PROPERTY MAP VIEW |
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Request Property Information - 3400 Boardwalk, Wildwood NJ
For Sale: $714,000
| MLS Number: 253064
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DOM: 183 Days
Provided by: The DiAntonio Group - www.capemaycommercial.com
(Information Above Will Appear at the Top of the Email that is Sent to The DiAntonio Group) |
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Let a sales associate at DiAntonio Group be the buyer agent for this listing. Listing is provided by . 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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