400-401 E Magnolia
Wildwood, NJ 08260

$1,499,000

Description

Incredible cash cow investment opportunity in the heart of Wildwood! Over Half An Acre Of Beach & Boardwalk Block Land! 2 Lots Available Totaling 24,750 Sq Ft. 400 E Magnolia Ave is 125' x 90' and 11 ,250 Sq Ft. 401 E Glenwood Ave Is 150' x 90' and 13,500 Sq Ft. Fully Cleared Lot Is Currently Operating As A 95 Space Parking Lot. Flexible Tourism Entertainment (TE) Zoning Allows For Multiple Uses And Development. Permitted Uses Include Restaurant, Bars, Hotel, Motel, Resort, Retail, Residential Units, And More. The seller is will guarantee a $75,000 lease for 5 years if buyer wants.

Details

MLS#517847
StyleIndustrial
Sub-TypeResale
StatusActive
Days On Site97

Features

Story(s)1

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Area Information

StateNJ
CountyCape May
CityWildwood
Zip Code08260
AreaWildwood City
Listing VS Median (in 08260)
Price:
$1,499,000
low | high
Med:
$329,900
100% of Average
On Site:
97
low | high
Med:
286
33.916083916084% of Average
Listing Updated: 05/23/2019
MLS Number: 517847
Listing Provided By:
JEFFREY QUINTIN  of  KELLER WILLIAMS REALTY JERSEY SHORE-Ocean City