2500 Delaware Ave North Wildwood, NJ 08260-2548
- Commercial real estate
- 25,117 SF
- 2.46 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2500 Delaware Ave
- Year built
- 1970
- Construction
- CONCRETE BLOCKS
- Lot size
- 2.46 lot acres
- Property size
- 25,117 SF
- Zone code
- SC
- Property type
- Commercial real estate
- APN
- 07 00107-0000-00001
- APU
- 700107000000001
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $475,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $420,000
- 6.5%
- $375,000
- 7%
- $425,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $370,000
- Geo Method
- $440,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $490,000
- Retail
- $375,000
- Mixed-Use
- $405,000
- Hospitality
- $480,000
- Educational
- $480,000
- Residential Income
- $375,000
- Energy
- $405,000
- Income-Based Land
- $400,000
- Food Service
- $370,000
Location Insight
- Map
- Local Demand
- City
- North Wildwood
- County
- Cape May
- State
- New Jersey
- Longitude
- -74.8134
- Latitude
- 38.9974
- CBSA code
- 36140
- CBSA name
- OCEAN CITY, NJ METROPOLITAN STATISTICAL AREA