1800 New Jersey Ave 102 North Wildwood, NJ 08260-2682
CBD) Zoning District. (3) A preexisting R-2 Zoning District spanned the length of the City between New Jersey and Central Avenue(s), except for the existing lots fronting 17th Avenue between New Jersey and Central Avenue(s). The preexisting R-2 lands are to be reclassified and absorbed into the adjacent R1.5 Zoning District. (4) Consistent with the City's po…
Cap rate
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AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
CBD · North Wildwood, NJCBD) Zoning District. (3) A preexisting R-2 Zoning District spanned the length of the City between New Jersey and Central Avenue(s), except for the existing lots fronting 17th Avenue between New Jersey and Central Avenue(s). The preexisting R-2 lands are to be reclassified and absorbed into the adjacent R1.5 Zoning District. (4) Consistent with the City's policies to reinforce the integrity of the City's existing single-family neighborhoods and to reflect current development patterns as expressed in the Master Plan, existing detached residential cottages in the R-2 Zoning District shall be permitted, provided that the bulk requirements of the zoning district are met. Detached garages at the rear of residential properties have been converted into residential cottages. While such conversions have provided the City with a unique residential configuration and increased the residential apartment/detached residential cottages inventory, they have resulted in a loss of off-street parking and, in certain instances, have increased residential density beyond that considered appropriate for the R-2 Zoning District. B. Principal permitted uses on the land and in buildings: (1) Detached single-family dwelling units. (2) Single-family semidetached (duplex) dwelling units (see § 276-7 , Definitions). (3) Two-family stacked (multistory) dwelling units (see § 276-7 , Definitions). (4) Attached garages shall be considered part of the principal structure and not an accessory structure. Attached garages to the principal structure shall require the front of the garage to be set back a minimum of 20 feet from the front facade of the principal structure. (5) Public playgrounds, public conservation areas, public parks, public open space and public purpose uses. (6) Traditional public, private and parochial schools, serving grades Pre-K through 12, under the authority of the New Jersey Department of Education and subject to site plan approval by the Planning Board. (7) Places of worship which consist of commonly known, recognized and long-established sects or denominations. (8) Public utilities' central substations (see § 276-7 for definition), subject to the following: (a) The proposed installation in a specific location must be necessary for the satisfactory provision of service by the utility to the neighborhood or area in which the particular use is located. (b) The design of any structure in connection with such facility must not adversely affect the safe, comfortable enjoyment of property rights in the surrounding area.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.