Active
405 N Wildwood Boulevard
Cape May Court House NJ, 08210
$1,471,000
Active
Commercial
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.
240607
MLSⓇ ID
March 2, 2024
Listed
November 22, 2024
Updated
Map
405 N Wildwood Boulevard
Cape May Court House NJ, 08210
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Wall Air Conditioning
Heating
Yes
Heating Description
Electric
Exterior/Building Features
Sewer
Septic
Other Property Details
Area Name
Cape May Court House
Days on Market
208
Garage
No
View
No
County
Cape May County
Municipality
06-Middle Township
Water Source
Well
Pool
No
Zoning
TB
Listing History
Date | Event | Price |
---|---|---|
6/10/2024 | Price change | $1,471,000 -2% |
4/16/2024 | Price change | $1,496,000 -6% |
3/14/2024 | Price change | $1,576,000 -20% |
Courtesy of BLUE HOMES REAL ESTATE LLC, David Joslin II
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Lisa Bassett shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Cape May County Association of REALTORS, Inc. All rights reserved.
Data last updated 10:01 PM UTC 11/22/2024