Mixed-Use Restaurant and
5400 Ocean Drive, Wildwood Crest, NJ 08260
For Sale
New
$1,700,000
COMMERCIAL/INDUSTRIAL, Wildwood Crest, NJ
Property Size4,523 SF
Price / SF$375.86
Days on Market3
Property Features for 5400 Ocean Drive
General Information
Property type
Property subtype
Zoning
Security features
Interior features
Exterior features
Fencing
Lot features
Subdivision
Standard status
Tenancy & Operations
Currently Operating
Business Included
Site & Location
Corner Location
Mixed-Use Components
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Cooling system
Amenities
private deck
laundry facilities
exterior storage
Building Details
Number of units
Flooring type
Additional Structures
Buildings
Listing Agency:
LONG & FOSTER REAL ESTATE, INC nww
(609) 729-8840
Listed By:
Teresa M. DiPeso · License NJ #9909900
(609) 780-1434
Added: Nov 11
Changed: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 263221
Copyright © 2026 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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story mixed-use property combines a seasonal diner, convenience market, and two second-floor apartments. The restaurant seats 90 and includes a commercial kitchen, walk-in freezer, security system, and equipment. The front apartment has three bedrooms, one bathroom, a kitchen, laundry facilities, attic storage, gas heat, and a private deck with ocean views. The rear unit contains two bedrooms, one bathroom, gas heat, and closet storage. Both apartments have private access and may be combined into one residence. The 4,523-square-foot building also has four air-conditioning units serving the restaurant and apartments, plus exterior storage.
Located at 5400 Ocean Drive in Wildwood Crest, the property is described as beach-block and sits on a corner lot. The site is near the beach and Wildwoods Convention Center. Commercial zoning applies; potential off-street parking is also noted.
Located at 5400 Ocean Drive in Wildwood Crest, the property is described as beach-block and sits on a corner lot. The site is near the beach and Wildwoods Convention Center. Commercial zoning applies; potential off-street parking is also noted.
Key Highlights
- 4,523‑square‑foot, two‑story mixed‑use building
- Seasonal diner with seating for 90 and an equipped commercial kitchen
- Adjacent convenience market; kitchen equipment included in the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,876
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,377,520
$1.4M
Cap Rate 7%
$983,943
$983.9K
Cap Rate 9%
$765,289
$765.3K
Market Conditions
NOI Build-Up for 4,523 SF
Gross rent
$97.7K $21.60/SF
− Vacancy
−$5.9K −$1.30/SF
EGI
$91.8K $20.30/SF
− OpEx
−$23.0K −$5.08/SF
NOI
$68.9K $15.23/SF
Area
Cape May County, NJ
Vacancy
6.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,377,520
Cap Rate 7%
$983,943
Cap Rate 9%
$765,289
Alternative Uses
Best Use
Specialty Retail
$983.9K
$861.0K – $1.15M
NOI $68,876 @ 7.0% cap · market cap 4.05%
Second Best
Retail
$749.0K
$655.4K – $873.9K
NOI $52,431 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$1.38M
$1.21M – $1.62M
NOI $96,915 @ 7.0% cap · market cap 5.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Explore this area
Business Placement
Demographics for 08260, NJ
12,964
Population
23,076
Households
0.6
Avg Household Size
53
Median Age
28%
College-Educated
93%
High-School Grad
15.9 sq mi
ZIP Area
815
Density / Sq Mi
$71,549
Median Household Income
$40,361
Median Earnings
$1,182
Median Rent
$441,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A convenience market, equipped kitchen, and upstairs residences add several operating components to this coastal commercial property.
Where is this mixed-use property located?
The property is located at 5400 Ocean Drive Wildwood Crest, NJ.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 4,523‑square‑foot, two‑story mixed‑use building; Seasonal diner with seating for 90 and an equipped commercial kitchen; Adjacent convenience market; kitchen equipment included in the sale
