325 Spruce Ave Wildwood, NJ 08260-3059
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
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
CBD · Wildwood, NJCosts & 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.