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3400 Boardwalk, Wildwood
For Sale: $714,000
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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: 11/20/2025 07:45:14
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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