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    OFF-MARKET
    Parking lots & garages

    401 Montgomery Ave, Wildwood, NJ 08260

    0.46 ac lot
    Entity Owned 10-yr Hold Free & Clear
    Property ID
    US59-1201308
    Property summary
    AI-generated overview

    Prime Wildwood, NJ location presents a unique investment opportunity encompassing two distinct properties: a beachfront boardwalk retail complex and a substantial parking lot. The retail complex features four fully leased storefronts totaling 8,400 square feet, complemented by three residential units (two efficiencies and one one-bedroom, one-bathroom apartment). Conveniently located within 1,000 feet of the Wildwood Convention Center, this property also includes public showers and lockers, along with garage and utility storage. The expansive 20,000-square-foot parking lot provides ample parking for 91 vehicles. This exceptional offering presents a compelling opportunity for an owner-user or a developer seeking to capitalize on the high-demand beachfront location. The property's current configuration, with its fully leased retail space and residential units, generates immediate income, while its prime location and substantial size offer significant potential for future development, such as a luxury hotel with integrated retail. The asking price is $8,500,000. The combined lot size is 28,400 square feet. Showings are by appointment only.

    Property profile
    Verified
    Property type Parking lots & garages
    Use group PARKING LOT
    Lot 0.46 ac (19,998 SF)
    Zoning code TE
    APN 14 00109-0000-00001
    UPID US59-1201308
    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
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Boardwalk Property Group LLC · 10 yrs held
    Boardwalk Property Group LLC
    since 2015
    3 recorded transactions
    2015
    2015
    1993
    $115,000
    Zoning & alternative use
    TE · Wildwood, NJ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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