5209 Pacific Ave Wildwood, NJ 08260-4436
This exceptional investment opportunity presents a fully equipped restaurant for sale at $399,000, situated at 5209 Pacific Avenue in Wildwood, New Jersey (zip code 08260). The property boasts a highly desirable location, directly across from Duffers Ice Cream Parlor and only two blocks from the iconic Wildwood Boardwalk. This prime spot places the business within the heart of Wildwood's revitalization efforts along Pacific Avenue, offering significant potential for growth and profitability. The sale includes all existing kitchen equipment, dining room furniture (tables and chairs), ensuring a seamless transition for the new owner. A significant advantage is the substantial vacant space located above the restaurant, accessible via a separate entrance. Currently utilized for storage, this expansive area presents numerous possibilities for expansion, additional revenue streams, or alternative uses, subject to local zoning regulations. The property is classified as Hospitality and Land, offering a unique blend of commercial and potential residential development opportunities. This is a rare chance to acquire a thriving business with significant upside in a vibrant coastal community. The property is listed at $399,000.
The property is located within that portion of the General Commercial (GC) Zone east of New Jersey Avenue. The minimum lot size is 10,000 square feet. Automotive service stations and garages. Car washes. Seasonal Christmas tree sales, provided: Annual sale of Christmas trees is permitted between December 1 and December 25 in any given calendar year. Conditio…
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
GC · Wildwood, NJThe property is located within that portion of the General Commercial (GC) Zone east of New Jersey Avenue. The minimum lot size is 10,000 square feet. Automotive service stations and garages. Car washes. Seasonal Christmas tree sales, provided: Annual sale of Christmas trees is permitted between December 1 and December 25 in any given calendar year. Conditional use approval and site plan review by the Planning Board is not required. Instead, the Zoning Official shall require and review a site plan for the temporary use. Should the use meet the conditions set forth here and in Section 501H [1] be met, then a zoning permit shall be issued. The fee for such temporary use permit shall be the same as the fee for a change of use permit. [1]
Costs & 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.