Beachside Retail & Apartments
Ocean view property with recently updated apartments and turn-key retail
Marketing description
Graystone Capital Advisors is pleased to present the exclusive
opportunity to acquire 5400 Ocean Avenue in Wildwood Crest, NJ
(the “Property”). The Property (4,523sf of improvements on 3,600sf
parcel) is located less than one block from the beach and
boardwalk, and is comprised of one, ground-floor commercial unit
with two residential apartments on the second floor.
Given its proximity to the beach and boardwalk, as well as its
corner location at a signalized intersection, the Property’s second
floor benefits from unobstructed ocean views. The second floor
contains a 900-square foot, 3-bedroom / 1-bathroom apartment as
well as a 790-square foot, 2-bedroom / 1-bathroom apartment. The
first floor is a turnkey restaurant/convenience store with a
consistent operating history of over thirty years.
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