435 26th Ave North Wildwood, NJ 08260
OS Oceanside. [Amended 4-7-2020 by Ord. No. 1796 ; 5-17-2022 by Ord. No. 1878 ; 6-8-2022 by Ord. No. 1880 ; 11-6-2024 by Ord. No. 1952 ; 4-7-2026 by Ord. No. 2005 ] A. Purpose statement. (1) The purpose of the Oceanside (OS) Zoning District is to recognize the mixed-use nature of this section of the City by providing for residential, dining, lodging, recreat…
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
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Property description
Physical attributes from public recordsZoning & alternative use
OS · North Wildwood, NJOS Oceanside. [Amended 4-7-2020 by Ord. No. 1796 ; 5-17-2022 by Ord. No. 1878 ; 6-8-2022 by Ord. No. 1880 ; 11-6-2024 by Ord. No. 1952 ; 4-7-2026 by Ord. No. 2005 ] A. Purpose statement. (1) The purpose of the Oceanside (OS) Zoning District is to recognize the mixed-use nature of this section of the City by providing for residential, dining, lodging, recreation and entertainment uses in appropriate locations to support the City's tourist-oriented economy. The purpose of the OS Zoning District includes supporting and fostering the City's tourist economy. A critical component of such economy is the family-friendly atmosphere of the City tourism elements. As such, any element which negatively impacts such atmosphere represents a detriment to the economic health of the City and the welfare of the community. (2) Consistent with the City's policies in the 2010 Comprehensive Master Plan Update ("Master Plan") to revise the City's zoning districts and regulations to reflect existing development patterns and land uses, the OS Zoning District includes a portion of the former R-1/OB-2 Zone. B. Principal permitted uses on the land and in buildings: (1) Detached single-family dwelling units. (2) Single-family semidetached (duplex) dwelling units (see § 276-7 , Definitions). (3) Two-family stacked (multistory) dwelling units (see § 276-7 , Definitions). (4) Triplex dwelling units (see § 276-7 , Definitions). (5) Bed-and-breakfast establishments. (6) Public parking lots. (7) Retail sales of goods customarily required/desired by the City's tourist visitor base, including, but not limited to, beach accessory, bicycle and water-sport sales and rental (with bicycle repair); hobby and craft items; books; photographic and video items; seashore-related clothing and dry goods; antiques; artworks; toys; gifts; novelties, notions and variety items; jewelry; and like and similar items. Such use shall be construed to include sales or rental venues (storefronts) for off-site pickup or activity. (8) Specialty food and beverage outlets, such as bakeries, candy stores, ice cream parlors and like and similar uses. Such establishments may be enclosed or open-air and serve in a dine-in or take-out manner. (9) Enclosed or open-air, active, sports-oriented entertainment/recreation elements, such as tennis courts, fitness centers, swimming pools, surfing pools, waterparks, miniature golf courses, bowling alleys, skating rinks, batting cages, active recreation simulators, and other like and similar attractions, excluding amusement arcades.
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Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.