400 Spencer AveWildwood, NJ 08260

Property Details for 400 Spencer Ave

Year built

1962

Construction

FRAME

Lot size

0.41 AC

Property size (Sq ft)

1,332 SF

Zone code

TE

Property type

Commercial real estate

APN

14 00139-0000-00011

APU

1400139000000011

Description

This exceptional Wildwood, NJ investment property presents a unique opportunity for savvy investors. Located directly on the beach block, the property encompasses a substantial 0.46-acre lot featuring a paved parking area with capacity for 80 to 100 vehicles. This prime location guarantees high demand, particularly during peak tourist seasons. In addition to the lucrative parking lot, the property includes a separate building currently operating as a bike rental business. This provides an immediate revenue stream and potential for expansion or diversification. Further enhancing the property's value is a well-maintained, three-bedroom year-round apartment. This residential unit boasts a living room, kitchen, and two full bathrooms, offering comfortable living space for owners or potential rental income. The apartment's roof has been recently replaced, ensuring long-term durability and minimizing maintenance concerns. The entire property is in excellent condition, reflecting a commitment to consistent upkeep. The versatile nature of this property allows for a multitude of potential uses and development opportunities, making it an attractive investment with significant upside potential. The combination of parking, rental income, and prime beach-block location makes this a truly exceptional offering in the vibrant Wildwood market. Serious inquiries are encouraged to explore the full range of possibilities.

• Alternative Use

  Use

  Valuation

  Residential

  $440,811

  Hospitality

  $403,780

  Educational

  $335,941

  Medical

  $347,494

  Retail

  $522,574

Location Insight

City

Wildwood

County

Cape May

State

New Jersey

Latitude

38.9846

Longitude

-74.8146

CBSA code

36140

CBSA name

OCEAN CITY, NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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