3400 Boardwalk, Wildwood NJ | Keller Williams Jersey Shore

BACK TO SEARCH RESULTS

3400 Boardwalk, Wildwood, NJ - Active

For Sale: $2,813,000

Beds: Baths:

Type: Retail

DOM: 13 Days

REQUEST INFORMATION

PROPERTY DESCRIPTION

Prime Wildwood Boardwalk investment opportunity featuring Units 3J and 3K, with a combined 47 feet of direct Boardwalk frontage in one of the Wildwoods' busiest and most visited locations, directly across from Mariner's Pier. Located in an area that could be described as the "Times Square" of the Wildwood Boardwalk, these two units offer exceptional visibility and exposure. The property was formerly home to Harry's Corner and is now occupied by Wally's Restaurant under NNN lease agreements totaling $190,000 annually, which expires in 2027 and includes a five-year extension option. Unit 3K features 30.9 feet of direct Boardwalk, an additional 54.3 feet along Cedar Avenue Boardwalk, and generates $140,000 annually under the existing NNN lease. Unit 3J offers an additional 16.1 feet of direct Boardwalk frontage and generates $50,000 annually under the same lease terms and tenant. Unit 3k also features the iconic Coca-Cola sign, a well-known Wildwood Boardwalk landmarks, which generates an additional $15,000 in annual income through a lease agreement with Coca-Cola. The owner is responsible for the sign's electricity, estimates at approximately $2,500 annually. Together, the units generate $205,000 in annual gross rental income, including the $190,000 from Wally's Restaurant and $15,000 from the Coca-Cola sign. At the combined asking price of $2,813,000, the property offers approximately a 7.27% return based on the current lease income and terms. A rare opportunity to acquire two contiguous Boardwalk units with strong frontage, established tenancy, and prominent visibility in the heart of the Wildwood Boardwalk.

PROPERTY FEATURES

Heating:No Heating
1 To 5 Spaces
Cooling:Central Air Conditioning
Cooling:Wall Air Conditioning

PROPERTY MAP VIEW

ADDITIONAL PROPERTY PICTURES

Request Property Information - 3400 Boardwalk, Wildwood NJ

For Sale: $2,813,000 | MLS Number: 262854

| DOM: 13 Days
Provided by: Keller Williams Jersey Shore - www.kwjerseyshorerentals.com

(Information Above Will Appear at the Top of the Email that is Sent to Keller Williams Jersey Shore)


fullname	emailid	phonenumber


commentsvl


SUBMIT

Listing Courtesy of DON MARTIN REALTY, INC.
© South Jersey Shore Regional MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional MLS. Real Estate listings held by brokerage firms other than Keller Williams Jersey Shore are marked with the Broker Reciprocity logo (a little black house) and detailed information about them includes the name of the listing brokers. Information is deemed reliable but is not guaranteed. The broker providing these listings to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. The information being provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties in which they may be interested in purchasing.

KW Jersey Shore - Real Estate and Vacation Rentals