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32362539
32362543

3000 Pacific Avenue, Wildwood, NJ 08260 For Sale

JP
NJ 2296334, PA RS322191
RE/MAX One Realty
Listed by RE/MAX One Realty
$1,790,831
72 days on market
Updated 41 days ago
Opportunity zone

3000 Pacific Avenue

Details
Property Type Retail, Office (+1)
Sub Type Storefront, Shopping Center (+1)
Square Footage 13,555
Units 8
Cap Rate 5.00%
Tenancy Multi
Year Built 1970
Year Renovated 2023
Lot Size (SqFt) 15,625
Zoning RS-C
Ground Lease No

Retail | 13,555 SqFt

Marketing description

Exceptional mixed-use investment opportunity in the heart of Wildwood’s rapidly expanding redevelopment corridor! This turn-key commercial portfolio offers incredible cash flow potential with seven possible income streams, making it the perfect opportunity for investors, developers, or business owners looking to diversify and expand their portfolio. Located within the Wildwood Redevelopment Zone, this unique property may provide additional redevelopment incentives and long-term upside potential. Situated on a large 90 x 120 lot, the property features approximately 4,800 square feet of retail/commercial space, a detached garage with second-floor space, a rear parking area, and an additional income-producing cottage currently operating as a successful Airbnb. Positioned within Wildwood’s growing business district and surrounded by residential and mixed-use development, this property offers immediate cash flow with significant long-term redevelopment and appreciation potential. Major capital improvements have already been completed, including all new exterior storefronts (2023), new electric and plumbing (2022), new HVAC systems, doors, windows, drywall, and interior paint (2022), plus a new roof installed in 2021. Additional site work was completed in 2022, including upgraded water, sewer, separate water meters in each unit and electric infrastructure.

Investment highlights

  • Strong in-place tenancy with leased retail spaces occupied by established local businesses
  • Situated within the Wildwood Redevelopment Zone, creating potential eligibility for redevelopment incentives, tax advantages, and long-term appreciation upside.
  • Approximately 4,800 SF of commercial/retail space plus additional detached garage and second-floor storage/use area.
  • Rear parking area increases tenant usability and commercial functionality.

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Listing Contacts

JP
NJ 2296334, PA RS322191
RE/MAX One Realty
Listed by RE/MAX One Realty

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Additional Information

Name
James Perdigao
License
2296334
Brokerage
RE/MAX One Realty
Brokerage Phone
8567228098
Brokerage Address
2 East Main Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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