Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    400 E Spencer Ave Wildwood, NJ 08260

    For Sale
    $3,200,000

    Commercial/Industrial - Wildwood, NJ

    Property size:
    20,000 SF
    Days on Market:
    72
    Last Refresh:
    Dec 5 at 10:06 pm

    Property Features for 400 E Spencer Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Fire Alarm, Security Lighting
    Zoning
    comm
    Parking features
    Paved or Surfaced
    Interior features
    220 Volt Electricity, Living Space Available, Smoke/Fire Alarm, Storage
    Exterior features
    Storage Building, Security Light/System
    Size
    20,000 SF

    Utilities

    Utilities
    Electricity Available
    Heating system
    Electric (Heating), Solar (Heating)
    Cooling system
    Wall Unit(s)

    Building Details

    Floors in Building
    2
    Number of units
    1
    Flooring type
    Other
    Building materials
    Block, Concrete, Frame, Other, See Remarks
    Architectural style
    Other
    Additional Structures
    Storage

    HOFFMAN AGENCY 5228177 [email protected]

    Listing agent Carole Pantalone (609) 522-8177 License #7818350

    Listing date Sep 25, 2025

    MLS# 252840 Listing URL

    Copyright © 2025 Cape May County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Beach Block Property with Parking

    Located in the heart of Wildwood, this beach block property features an expansive parking lot with capacity for 80 to 100 cars, as well as a 3-bedroom, 2-bath year-round apartment with a living room and kitchen. The apartment roof has been recently replaced, and the property has been kept in excellent condition, providing immediate rental income and strong holding potential. The property, with a size of 20000 Square Feet, presents possibilities for developers and investors. The parking lot can continue to operate as a cash-flowing business while exploring plans for a future redevelopment project. Its location on the east side of Ocean Avenue offers direct proximity to the boardwalk, beach, and all of Wildwood’s attractions, making it ideal for condos, multifamily residences, boutique lodging, or mixed-use concepts. This property is positioned for both short-term returns and long-term vision. It is located in Wildwood, New Jersey.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Law Firm Realty agency Spa & Massage Dental Office Restaurant Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    U-Haul Neighborhood Dealer

    Location Insight

    • Map
    • Local Demand
    City
    Wildwood
    County
    Cape May
    State
    New Jersey
    Longitude
    -74.8144246
    Latitude
    38.9848161

    Nearby Similar for Sale

    • $7,500,000

      Wildwood Boardwalk Mixed-Use Investment

      Beachfront property with retail, apartments, parking, and redevelopment potential.
      4314-20 Boardwalk, Wildwood, NJ 08260
      View Details
    • $1,300,000

      Wildwood Four-Plex with Upgrades

      Four units on a large lot with off-street parking.
      208 E Maple, Wildwood, NJ 08260
      View Details
    • $1,399,900

      Modern Duplex Near Wildwood Beach

      Almost new duplex with modern amenities near the beach.
      110 W Youngs Ave, Wildwood, NJ 08260
      View Details
    • $639,000

      Wildwood Duplex Investment Opportunity

      Duplex near the beach with income potential.
      235 E Magnolia, Wildwood, NJ 08260
      View Details
    • $799,999
      2,065 SF

      Versatile Duplex in North Wildwood

      Duplex near beach, bay, restaurants, boardwalk, and shopping.
      221 W 25 Ave, Wildwood, NJ 08260
      View Details
    • New
      $580,000

      Remodeled Income-Producing Wildwood Duplex

      Modern duplex in Wildwood, NJ, offering high income potential.
      418 W Roberts Ave, Wildwood, NJ 08260
      View Details

    FAQs

    What type of property is this?
    Parking lot & garage - Well-maintained Wildwood property featuring parking and a 3-bedroom apartment.
    Where is this parking lot & garage located?
    The property is located at 400 E Spencer Ave Wildwood, NJ.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: - Rare beach block property in the heart of Wildwood.; - Expansive parking lot with capacity for 80-100 cars.; - 3-bedroom, 2-bath year-round apartment providing immediate rental income.
    (609) 522-8177
    Request Owner's contact information
    400 E Spencer Ave Wildwood, NJ 08260
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    400 E Spencer Ave
    Wildwood, NJ 08260
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    400 E Spencer Ave Wildwood, NJ 08260
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.