4211 Ocean AveWildwood, NJ 08260

Property Details for 4211 Ocean Ave

Year built

1961

Construction

CONCRETE BLOCKS

Lot size

0.14 AC

Property size (Sq ft)

5,144 SF

Zone code

TE

Property type

Commercial real estate

APN

14 00120-0000-00001

APU

1400120000000001

Description

This exceptional Wildwood, NJ investment property presents a rare opportunity to acquire a thriving beachfront business. The offering includes a 17-unit motel with an additional two-bedroom owner's quarters, four leased boardwalk retail spaces, and a 29-space parking lot. All are currently generating income. However, the true potential lies in the already approved plans for significant expansion. Existing building and CAFRA approvals are in place for a substantial 4-story, 30-unit hotel development. This ambitious project will feature approximately 650 sq. ft. one-bedroom units, a swimming pool, a hotel lobby, and an integrated parking garage. The city has formally approved a resolution supporting the construction of the 30-unit hotel. Detailed architectural renderings illustrating the proposed hotel are available upon request. This is a turnkey opportunity to capitalize on the high demand for beachfront accommodations in Wildwood, combining immediate income generation with the potential for substantial future growth. The property's prime oceanfront location on the beach block ensures high occupancy rates and strong rental income. This is a unique chance to acquire a well-established business with a clear path to significant expansion and increased profitability. The existing CAFRA permit streamlines the development process, minimizing potential delays and maximizing return on investment. Don't miss this chance to own a piece of Wildwood's vibrant beachfront.

• Alternative Use

  Use

  Valuation

  Residential

  $1,702,347

  Hospitality

  $1,559,341

  Educational

  $1,297,353

  Medical

  $1,341,971

  Retail

  $2,018,105

Location Insight

City

Wildwood

County

Cape May

State

New Jersey

Latitude

38.9835

Longitude

-74.8161

CBSA code

36140

CBSA name

OCEAN CITY, NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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