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Property profile & analytics
OFF-MARKET Estimated value $2,020,000
Commercial real estate

325 Spruce Ave Wildwood, NJ 08260-3059

5,464 SF 0.69 ac lot Built 2003
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US59-1556510
Property summary
AI-generated overview

This exceptional free-standing restaurant building presents a lucrative investment opportunity in the thriving commercial corridor of North Wildwood, New Jersey. Located at 325 W Spruce Ave, this 7,164 square foot, two-story property sits on a substantial 30,000 square foot lot, offering significant potential for expansion or redevelopment. Built in 2003, the building is zoned CBD and enjoys high visibility at a signalized intersection directly across from a Wawa, ensuring strong traffic counts. Its prime location at a major entry point to North Wildwood from the Garden State Parkway guarantees consistent exposure to a large customer base. The property's substantial size and strategic location make it ideal for continued operation as a restaurant or for various commercial redevelopment projects. The asking price is $2,500,000. This is a rare opportunity to acquire a well-positioned commercial property in a desirable New Jersey coastal town. The net rentable square footage is 7,164 square feet. Further details are available upon request.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2003
Construction BRICK
Total area 5,464 SF
Lot 0.69 ac (30,000 SF)
Zoning code CBD
APN 07 00130-0000-00001
UPID US59-1556510
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.06M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.88M
Blend (final) Blend
$2.02M
Owner & transaction history
313 W Spruce Development LLC · 1 yrs held
313 W Spruce Development LLC
since 2025
Last sale
$2.1M
6 recorded transactions
2025
$2.1M
2021
$990,000
2005
Price N/A
1991
$199,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CBD · Wildwood, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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