4314-20 Boardwalk Wildwood, NJ 08260

Property Details for 4314-20 Boardwalk

Property type

Commercial real estate

Description

This exceptional Wildwood, NJ property presents a lucrative investment opportunity encompassing 8,400 square feet of prime boardwalk retail space, currently fully leased. The property also includes three residential units: two efficiency apartments and one two-bedroom, one-bathroom apartment. Adding to its versatility, the property boasts attached public showers and lockers, along with a garage and ample utility storage. A significant advantage is the inclusion of a separate 20,000-square-foot parking lot providing 91 parking spaces, a rare commodity in this high-demand location. The property's strategic location within 1000 feet of the Wildwood Convention Center makes it ideally suited for expansion. The existing retail spaces, combined with the residential units and extensive parking, offer immediate income potential. However, the property's true potential lies in its redevelopment possibilities. The site is exceptionally well-positioned to become a luxury hotel catering to convention attendees and beachgoers, with integrated retail space maintaining a consistent revenue stream. This unique combination of existing income and significant redevelopment potential makes this a truly exceptional investment opportunity in a vibrant coastal market. All showings are by appointment only.