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    423 E Magnolia Wildwood, NJ 08260

    For Sale
    $1,100,000

    Other - Wildwood, NJ

    Property size:
    9,000 SF
    Days on Market:
    58
    Last Refresh:
    Dec 6 at 1:06 am

    Property Features for 423 E Magnolia

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Size
    9,000 SF

    Building Details

    Floors in Building
    2
    Building materials
    Other, See Remarks
    Architectural style
    Other

    eXp Realty, LLC (866) 201-6210 [email protected]

    Listing agent Michael V. Giuda (866) 201-6210 License #1326908

    Listing date Oct 10, 2025

    MLS# 253010 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

    Commercial Property Near Wildwood Attractions

    This two-story commercial property is located a short distance from the water, boardwalk, piers, and various attractions in Wildwood, New Jersey. The building, which previously housed Groff’s restaurant, has been completely gutted and cleaned. The property offers approximately 9,000 square feet of space and is zoned for commercial use. It is located in Wildwood, NJ, with the postal code 08260.
    Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Restaurant Clothing Store Building Supply Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Wildwood
    County
    Cape May
    State
    New Jersey
    Longitude
    -74.8281
    Latitude
    38.9808

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    FAQs

    What type of property is this?
    Restaurant - Two-story commercial building near boardwalk, piers, and Wildwood attractions.
    Where is this restaurant located?
    The property is located at 423 E Magnolia Wildwood, NJ.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - Prime location steps from the water, boardwalk, piers, and attractions.; - Spacious two-story commercial property.; - Formerly home to iconic Groff's restaurant.
    (866) 201-6210
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    423 E Magnolia Wildwood, NJ 08260
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    Wildwood, NJ 08260
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    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
    423 E Magnolia Wildwood, NJ 08260
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