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405 N Wildwood
Cape May Court House, NJ 08210
David Joslin II with BLUE HOMES REAL ESTATE LLC, original listing - (609) 281-5296

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Property Details


List Price: $1,576,000
Beds: --
Baths: --
Status: Active
SqFt: --
Agency: BLUE HOMES REAL ESTATE LLC
Agency Phone: (609) 281-5296

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Description/Comments


Lot Size: 0 sqft
Property Type: Commercial Sale-Other
Year Built: --
Notes: INVESTOR OPPORTUNITY!! Package deal. Located at 405 N Wildwood Blvd right off the Garden State Parkway, the property is a former hotel that was converted to multifamily apartments. The property has been fully renovated including new mechanicals and is ready with 13 Market Rate apartments (11 efficiencies, 1 - one bed, 1 - three bed). The building’s construction with all units being first floor walk-ins, having on-site laundry, and room for additional storage units will add to its appeal. This property will allow an investor to capture full market rents and add significant value through lease-up in a rental area with huge demand. N Wildwood Blvd benefits from its close proximity to North Wildwood’s beaches and extended shoulder season to bolster Airbnb models. To the west, Burleigh is aggressively developing commercial real estate which may interest investors in also purchasing 401 N Wildwood Blvd on this same parcel. Netting 222’ of frontage and 1.08 AC of dry land opens up a number of additional opportunities in a high traffic, high visibility area.
MlsNumber: --
ListingId: 240607


Listing Provided By: BLUE HOMES REAL ESTATE LLC, original listing
Phone: (609) 425-2593
Office Phone: (609) 281-5296
Agent Name: David Joslin II
Disclaimer: Copyright © 2024 Cape May County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


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