Southern New Jersey and Surrounding Areas

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Coastline Realty, LLC
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Coastline Realty, LLC

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235 E Garfield
Wildwood, NJ 08260
MLS# 210828 ID: 69298213
7616 sq.ft.
$1,400,000
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Property Description
Motel - Wildwood, NJ Incredible investment opportunity to purchase this motel style apartment building, along with a vacant commercial lot currently used as onsite parking. 235 E Garfield Av. has been completely renovated and consists of 8 two bedroom apartments and 3 one bedroom apartments and it is run as a full service motel with an on site laundry room. All units feature air conditioning/heat systems, that allow for year round use. One electric meter. The Sellers generated around $250k in revenue in 2019, $270k in 2020 and over $300k in 2021 already. Included in the sale is also separately deeded 100x90 vacant lot for 30+cars located at 3719 Pacific Ave. Offered together as a package ONLY, the vacant lot is zoned commercial and could be developed into another income producing property by the savvy investor in the future. Centrally located, within a walking distance to the best that Wildwood has to offer, this property has a solid potential for incredible Airbnb cash flow. Located in a qualified NJ opportunity zone .
Property Features
Status
Days On Market 319 days
Last Updated January 21, 2022
Market Status Available
Description
Property Type Commercial
Sq. Feet 7616
Building Features
Stories 3.0
Legal/Financial
Taxes 12699
Listing Features
Property Type Commercial; Motel

Data Provided by Cape May County Association of Realtors

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