2500 Delaware Ave North Wildwood, NJ 08260-2548
This exceptional 23,466 square foot, two-story retail and medical office building in North Wildwood, NJ, offers a unique investment opportunity. Located at 2500 Delaware Ave, near Delaware Ave and 26th Street, this Class B property boasts 7,000 square feet of immediately available space, divisible to a minimum of 1,500 square feet and a maximum contiguous space of 7,000 square feet. Built in 1970, the building features a 12-foot ceiling height and ample parking with 146 spaces. The property sits on a 2.46-acre lot and is zoned for shopping center use, allowing for a variety of tenants including retail, dining, medical, and office uses. Benefit from its prime location adjacent to a CVS and Acme supermarket, two established anchors in a thriving coastal community with a large seasonal population and millions of annual visitors. The available space features prominent glass frontage, minimal columns, and end-cap positioning ideal for drive-through capabilities. A second-floor area of approximately 2,800 square feet provides additional storage. Shared signage opportunities on a prominent pylon are also available. Property taxes are $2 per square foot. This is a rare chance to secure a highly visible space in a bustling coastal location with strong existing tenancy and significant foot traffic.
SC Shopping Center BB Bayside Business D&E Dining and Entertainment MC-1 Motel Commercial 1 MC-2 Motel Commercial 2 P Pier SPRA Seaport Pier Redevelopment Area BL291RA Block 291 Redevelopment Area § 276-9 (Reserved) § 276-10 Zoning Map. [Amended 6-5-2019 by Ord. No. 1781 ; 7-8-2020 by Ord. No. 1810 ; 8-6-2024 by Ord. No. 1942 ] The boundaries of the zoning d…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
SC · North Wildwood, NJSC Shopping Center BB Bayside Business D&E Dining and Entertainment MC-1 Motel Commercial 1 MC-2 Motel Commercial 2 P Pier SPRA Seaport Pier Redevelopment Area BL291RA Block 291 Redevelopment Area § 276-9 (Reserved) § 276-10 Zoning Map. [Amended 6-5-2019 by Ord. No. 1781 ; 7-8-2020 by Ord. No. 1810 ; 8-6-2024 by Ord. No. 1942 ] The boundaries of the zoning districts and the area established for redevelopment are designated on the map entitled "Zoning Map, April 2024," which accompanies and is made a part of this chapter. [1] Additionally, such Flood Maps that include the City of North Wildwood as are promulgated and adopted by the Federal Emergency Management Agency ("FEMA"), are hereby made part of this chapter for the purpose of administering the land use control measures of this chapter; provided, however, that the Planning Board may consider other courses of information presented by the applicant to more definitively define the location and extent of the critical areas on any lot or tract at the time of subdivision and/or site plan review. [1]
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.