341 Oak AveWildwood, NJ 08260

Exceptional investment opportunity in Wildwood, New Jersey. This 0.69-acre commercial land parcel, currently a functioning parking lot (150' x 200', 30,000 sq ft), is approved for a 48-unit condo-hotel development. Detailed plans are included in the asking price of $15,000,000, which also encompasses local and state (CAFRA) approvals. The proposed development features a contemporary design, boasting 48 units, each with three bedrooms, en-suite baths, a powder room, and a laundry room. Private balconies offer breathtaking ocean views. Amenities include two elevators, two levels of parking to accommodate residents and guests, a rooftop pool, and a fitness center. The seller will retain a 50-year ground lease for parking. This prime location places the development steps from the beach, offering unparalleled coastal living. This is a turnkey opportunity to build a luxurious oceanfront condo-hotel in a highly desirable location. All necessary approvals are in place, making this a truly exceptional investment.