4020 Ocean AveWildwood, NJ 08260

  • Other commercial real estate
  • 170 SF
For Sale
$1,195,000 View listing

Property Details for 4020 Ocean Ave

Year built
1936
Construction
CONCRETE BLOCKS
Lot size
0.17 AC
Property size (Sq ft)
170 SF
Zone code
HM
Property type
Other commercial real estate
APN
14 00138-0000-00013- 03
APU
140013800000001303

Description

This exceptional Wildwood, NJ business opportunity presents a thriving restaurant and building package, ideally situated across from the boardwalk and beach at 4020 Ocean Ave, zip code 08260. The property boasts a substantial 7,200 square feet, priced at $1,195,000 ($165.97 per square foot). The main restaurant area encompasses 1,700 square feet, providing ample space for customer seating and operations. Significant additional storage space is included within the overall footprint. A convenient garage is available on-site, along with a dedicated customer parking lot, ensuring ease of access for patrons. The property also features private living quarters, complete with three bedrooms and two bathrooms. Furthermore, there is existing approval for an expansion to add an additional three bedrooms and two bathrooms, offering significant potential for future development or expansion of the living space. This owner/user investment presents a unique chance to acquire a well-located, established business with substantial real estate assets in a prime coastal location. The combination of a successful restaurant operation and the substantial living quarters makes this a truly unique opportunity. This turnkey operation is ready for a new owner to step in and continue its success.

4020 Ocean Ave, Wildwood, New Jersey

Location Insight

City
Wildwood
County
Cape May
State
New Jersey
Latitude
38.9848
Longitude
-74.815
CBSA code
36140
CBSA name
OCEAN CITY, NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$11,456
$300,000
$75,000
$375,000
-
$300,000
$75,000
$375,000

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