3400 Boardwalk, Wildwood NJ

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3400 Boardwalk, Wildwood, NJ - Active

For Sale: $714,000

Beds: Baths:

Type: Retail

DOM: 184 Days

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PROPERTY DESCRIPTION

This prime Wildwood Boardwalk unit boasts 16.1 feet of direct boardwalk frontage, offering unmatched visibility in one of the area s busiest and most visited locations, just steps from Mariner s Pier. The property is currently under a $50,000 NNN lease, set to run through 2027 with a five-year extension option, making it a solid investment opportunity. Previously home to a basketball game, this space is now part of Wally s Restaurant. At the current asking price and under the existing lease, the property provides a 7% return for investors. Unit 3K is available for $2,099,000 and generates $155,000 in annual rental income, including $140,000 from the same lease terms with the same tenant and $15,000 from a Coca-Cola lease for the iconic sign.

PROPERTY FEATURES

Heating:No Heating
1 To 5 Spaces
Cooling:Central Air Conditioning
Cooling:Wall Air Conditioning

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ADDITIONAL PROPERTY PICTURES

Request Property Information - 3400 Boardwalk, Wildwood NJ

For Sale: $714,000 | MLS Number: 253064

| DOM: 184 Days
Provided by: Hugh Merkle Company Realtors - www.HughMerkle.com

(Information Above Will Appear at the Top of the Email that is Sent to Hugh Merkle Company Realtors)


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Let Kim Leo Realty be your buyer agent for this listing. Listing is provided by DON MARTIN REALTY, INC. The data relating to real estate for sale on this web page appears in part through the Cape May County MLS program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which we participate, and is provided by Cape May County MLS through a licensing agreement. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to change, withdrawal, or prior sale.