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

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