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
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.
More Information MLS# 21639603
Contract Info
Sale: Yes
Lease: No
List Price/SqFt: 152.54
Status: Closed
List Date: 2016-10-12
Property Sub-Type: Mixed Use
Sold Price: $2,900,000
Current Price: $2,900,000
Location
Unit/Suite #: 24
Area/Section: None
House Number: 2400
Street Name: Boardwalk
County: Cape May
Municipality: North Wildwood (NWI)
Postal City: North Wildwood
State: NJ
Zip Code: 08260
Complex/Subdivision: None
Directions: Property sits from 24th to 25th on the boardwalk.
General Property Info
# Levels: 3
Retail SqFt: 11228
Warehouse SqFt: 11228
Lot Dimensions: 100 x 120100
Other SqFt: 1800
Garage: No
# Car Garage: 0
Apx SqFt: 24256
Tax and Legal
Asmnt - Total: 2700000
Taxes: 30456
Tax Year: 2015
Income & Expenses
# Rental Units: 6
Financials Per: Year
Gross Income: 252087
Insurance: 9000
Repair/Maintenance: 10000
Use
Retail: 1
Warehouse: 1
Zoning
Commercial: 1
Lot Description
Oceanfront: 1
Oceanside: 1
Water Type
Oceanside/Beach Blk: 1
Oceanview: 1
Electric
Three Phase: 1
Basement
Full: 1
Tenant Access: 1
Tenant Storage: 1
Walk-Out Access: 1
Gas
On Site: 1
Water Heater
Electric: 1
Multiple: 1
Heating
Electric: 1
Natural Gas: 1
Water
Public Water: 1
Sewer
Public Sewer: 1
Exterior
Fire Escape: 1
Handicapped: 1
Lighting: 1
Parking
Assigned: 1
Off Street: 1
Paved: 1
Assessment Status
Assessed: 1
Status Change Info
Under Contract Date: 2017-04-07
Sold Date: 2017-05-15
Sold Price: $2,900,000
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
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