3000 Pacific Avenue, Wildwood, NJ 08260

$1,790,831

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List Price
$1,790,831
Days on Market
82
Status
ACTIVE
MLS#
261307
County
Cape May

Property Description

Exceptional mixed-use investment opportunity in the heart of Wildwood’s rapidly expanding redevelopment corridor! This turn-key commercial portfolio offers incredible cash flow potential with seven possible income streams, making it the perfect opportunity for investors, developers, or business owners looking to diversify and expand their portfolio. Located within the Wildwood Redevelopment Zone, this unique property may provide additional redevelopment incentives and long-term upside potential. Situated on a large 90 x 120 lot, the property features approximately 4,800 square feet of retail/commercial space, a detached garage with second-floor space, a rear parking area, and an additional income-producing cottage currently operating as a successful Airbnb. Positioned within Wildwood’s growing business district and surrounded by residential and mixed-use development, this property offers immediate cash flow with significant long-term redevelopment and appreciation potential. Major capital improvements have already been completed, including all new exterior storefronts (2023), new electric and plumbing (2022), new HVAC systems, doors, windows, drywall, and interior paint (2022), plus a new roof installed in 2021. Additional site work was completed in 2022, including upgraded water, sewer, separate water meters in each unit and electric infrastructure.

Additional Information

Area
Wildwood
Taxes
$9,097
Heating
Gas Natural
Cooling
Central Air Conditioning, Electric
Water
Public
Sewer
Public

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Calculator source: Real Geeks

Listing courtesy of RE/MAX ONE REALTY. Contact: