 |
3400 Boardwalk, Wildwood
For Sale: $714,000
(
ACTIVE )
MLS: 253064 |
Type: Retail | Taxes: 12477.6 | Lot: 48800
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.
- Heating:No Heating
- Cooling:Central Air Conditioning
- Cooling:Wall Air Conditioning
- City
PROPERTY LOCATION / MAP
Last Database Update: 11/14/2025 07:45:16
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.
|
|
|
|
| Hear What Our Clients Have To Say About The DiAntonio Group |
|
| |
| "After owning and operating our motel for 40 years, deciding to sell was one of the biggest decisions we've ever made. Fred is un-matched within the commercial real estate industry. Just speaking with Fred, you can clearly distinguish the difference with his experience, deep knowledge of the industry and dedication. Fred made the entire experience smooth, respectful, and even uplifting. His honesty and straightforward communication gave us complete confidence every step of the way. Most importantly, Fred knew how to get the job done- efficiently, professionally, and with our best interests always at heart. He truly understood both the emotional and financial weight of this transition and he guided us with care and integrity. We couldn't have asked for a better partner in this process and are incredibly grateful for everything he did to help us close this important chapter. We highly recommend Fred to anyone looking for an experienced, trustworthy commercial broker who genuinely cares!." ~ Annette and Debbie - Aquarius Oceanfront Inn |
|
|