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    321 Cedar Ave Wildwood, NJ 08260

    For Sale
    $6,900,000

    1.02-Acre Retail Site, 4,200 SF

    Property size:
    4,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 1.02-acre commercial property at 321 E Cedar Ave in Wildwood, New Jersey, presents a unique investment opportunity. The existing 4,200 square foot retail building, constructed in 1950, sits on a sizable lot and is ideally situated within the Boardwalk Redevelopment Zone (BRZ), offering significant potential for redevelopment. The property boasts existing garage infrastructure beneath a concrete pad, providing a solid foundation for future development plans. Ample off-street metered parking is available, adding to its convenience. Public transportation is readily accessible via Bus Route 552. This prime location places the property in the heart of Wildwood, offering easy access to the renowned Wildwood Boardwalk, New Jersey Avenue, Rio Grande Avenue, and the New Jersey Turnpike. The property's proximity to numerous dining and entertainment options further enhances its appeal. The substantial concrete pad represents a significant existing infrastructure asset, presenting considerable advantages for future development projects. The asking price for this remarkable property is $6,900,000. The 08260 zip code ensures easy access to a thriving community. This is a rare chance to acquire a well-positioned commercial property with substantial upside potential in a highly desirable location.

    Property Features for 321 Cedar Ave

    General Information

    Property type
    Land
    Square Feet
    4,200 SF
    Lot Size
    44,431 SF

    Building Details

    Year Built
    1950

    HighLights

    • 4,200 SF building on a 1.02‑acre lot.
    • Existing garage infrastructure and off‑street metered parking.
    • Boardwalk Redevelopment Zone (BRZ) zoning.
    • Convenient access to public transportation via Bus Route 552.
    • Close proximity to restaurants and entertainment.
    • Significant concrete pad ideal for future development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

    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
    -74.8106846
    Latitude
    38.9877609

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    FAQs

    What type of property is this?
    Land - 1.02-Acre Retail Site, 4,200 SF
    Where is this land located?
    The property is located at 321 Cedar Ave Wildwood, NJ.
    What is the asking price?
    The asking price for this property is $6,900,000.
    What are key features of this property?
    This property features: 4,200 SF building on a 1.02-acre lot.; Existing garage infrastructure and off-street metered parking.; Boardwalk Redevelopment Zone (BRZ) zoning.
    Request Owner's contact information
    321 Cedar Ave 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
    321 Cedar Ave Wildwood, NJ 08260
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