2400 Boardwalk 24, North Wildwood, NJ 08260 (MLS# 21639603)

2400 Boardwalk 24, North Wildwood, NJ 08260

$2,900,000

Property Type: Commercial Square Footage: 24,256 Status: Closed

Current Price: $2,900,000 List Date: 10/13/2016 Last Modified: 1/30/2025

Overview

Description

Once in a life time opportunity. Use as an investment or run your own business out of this amazing location. Located across from Morey pier and the ocean in North Wildwood sits this over 24,000 sq ft building currently holding 5 tenants. First floor basement walk out level has Maintenance shop with 1/2 bath, Basement office w/ walk-in vault, and huge warehouses for all the tenants separate storage needs. Parking lot for 18 cars, street level receiving doors. 2nd level offers 5 tenants all with boardwalk locations and a patio with gaming area. This property also offers a large 2 bedroom 2 full bath Apartment with open floor plan and amazing views of the Ocean.

Listing Details MLS# 21639603

Contract Info

Property Sub-Type: Mixed Use
Sale: Yes
Lease: No
List Price/SqFt: 152.54

Location

House Number: 2400
Street Name: Boardwalk
Unit/Suite #: 24
County: Cape May
Municipality: North Wildwood (NWI)
Postal City: North Wildwood
State: NJ
Zip Code: 08260
Area/Section: None
Complex/Subdivision: None
Directions: Property sits from 24th to 25th on the boardwalk.

General Property Info

# Levels: 3
Retail SqFt: 11228
Warehouse SqFt: 11228
Other SqFt: 1800
Apx SqFt: 24256
Garage: No
Lot Dimensions: 100 x 120100
# Car Garage: 0

Tax and Legal

Asmnt - Total: 2700000
Taxes: 30456
Tax Year: 2015

Status Change Info

Under Contract Date: 2017-04-07
Sold Date: 2017-05-15

Income & Expenses

# Rental Units: 6
Financials Per: Year
Gross Income: 252087
Insurance: 9000
Repair/Maintenance: 10000

More Information

Use

Retail: Yes
Warehouse: Yes

Zoning

Commercial: Yes

Lot Description

Oceanfront: Yes
Oceanside: Yes

Water Type

Oceanside/Beach Blk: Yes
Oceanview: Yes

Electric

Three Phase: Yes

Basement

Full: Yes
Tenant Access: Yes
Tenant Storage: Yes
Walk-Out Access: Yes

Gas

On Site: Yes

Water Heater

Electric: Yes
Multiple: Yes

Heating

Electric: Yes
Natural Gas: Yes

Water

Public Water: Yes

Sewer

Public Sewer: Yes

Exterior

Fire Escape: Yes
Handicapped: Yes
Lighting: Yes

Parking

Assigned: Yes
Off Street: Yes
Paved: Yes

Assessment Status

Assessed: Yes

Property Features

Use: Retail; Warehouse Basement: Full; Tenant Access; Tenant Storage; Walk-Out Access Heating: Natural Gas Water Heater: Electric; Multiple Water: Public Water Sewer: Public Sewer Gas: On Site Electric: Three Phase Exterior: Fire Escape; Handicapped; Lighting Parking: Assigned; Off Street; Paved Zoning: Commercial Lot Description: Oceanfront; Oceanside Water Type: Oceanside/Beach Blk; Oceanview Assessment Status: Assessed

Listing Office: Weichert Realtors-Normandy Bch

Listing Agent: Carrie M McNally

Last Updated: January - 30 - 2025

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Monmouth Ocean Regional REALTORS®, and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.