2701 Ocean Ave $4,100,000

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    2701 Ocean Ave Wildwood, NJ 08260

    • Commercial
    MLS# 512156 | Active

    $4,100,000

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    Days On Market: 140 3 Views
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    Property Details

    Developers and Investors Alert for this rare opportunity to acquire a massive 180' x 324' beach block, water view, corner lot in Wildwood's Tourist & Entertainment Zone! Over 9 Million Visitors per season per The Greater Wildwoods Tourism Improvement and Development Authority. Sits just off the famous Wildwood Boardwalk; a well-known and reputable tourist attraction with restaurants and entertainment for the whole family. The newly priced property is bank owned and is currently operated as a large parking lot that is almost an entire City Block generating fantastic income. Prior Cafra Approvals include: a 25 Story High Rise Condo/Hotel Hybrid. Also Possible are Four Mid-Rise Buildings with 15 Units each. All inquiries should be directed to the listing agent.

    • General Features
      • Location Beach Block, Corner, Island, Water View
      • Approved Short Sale N/A
      • Area Wildwood City
      • Bank Owned Foreclosure Yes
      • City Community Wildwood
      • County Cape May
    • Property Features
      • Parking 11 or More Spaces, Other (See Remarks)
      • Lot Dimensions 180 x 324

    Contact

    Robert Bond

    Sales Associate

    RE/MAX At the Shore

    Primary: 609-289-2916

    Neighborhood

    08260 (Wildwood) Demographics

    53Median Age
    812Population Density (per sq. mile)
    32%College Educated
    $43,493Estimated Median Income
    4,076Estimated Total Home Owners
    2,180Estimated Total Renters
    65% / 35%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    13,129Total Population

    Market Last 30 Days

    $279,900 Median Sales Price
    49 Homes Sold
    150 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $4,100,000
        10/3/2018 5:15:00 PM New in Database Source

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