5202 Boardwalk Unit Wildwood, NJ 08260
- Retail properties
- 0.03 lot acres
Current Use by Public Records
- Retail properties
Property Details for 5202 Boardwalk Unit
- Year built
- 1971
- Lot size
- 0.03 lot acres
- Property type
- Retail properties
Description
This exceptional retail opportunity presents a 20x55 foot storefront located at 5202 Boardwalk Unit 9 S, Wildwood, NJ, within the Shops at Ocean Towers. Benefitting from a high-traffic location, this property is situated a block from the boardwalk's end, ensuring visibility to both early and late-evening foot traffic. Its strategic placement makes it the last stop for the boardwalk tram before its turnaround, maximizing exposure. Currently configured as an arcade, this versatile space is zoned for a variety of commercial uses. The building boasts seven floors of residential units above, providing a built-in customer base. This unit is available for individual purchase at $307,777, or as part of a larger package including adjacent units 10 and 11 (listed separately at $597,777). The combined purchase price for all three units is $897,777. The annual condo fee for Unit 9 is $6,498.85, which encompasses water/sewer, master flood and liability insurance, trash removal, and parking. The lot size is 0.03 acres. This is a rare chance to own a thriving business on the iconic Wildwood Boardwalk. Consider the potential for significant returns in this highly desirable location.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wildwood
- County
- Cape May County
- State
- New Jersey
- Longitude
- -74.8225
- Latitude
- 38.9782
