5400 Ocean Ave - Storefront Retail/Residential FOR SALE


Wildwood Crest, NJ 08260
$1,800,000 USD
609-408-8674
5400 Ocean Ave, Wildwood Crest, NJ for Sale
$1,800,000 USD
Storefront Retail/Residential - FOR SALE
1/20
null | Request Cap Rate

5400 Ocean Ave
Wildwood Crest, NJ 08260


HIGHLIGHTS

  • Prime beach-block location with unobstructed ocean views
  • Mixed-use layout with retail and residential components
  • Delivered vacant for immediate repositioning and upside
  • Located in a high-demand tourism market attracting 9M visitors annually
  • Strong appreciation trends and limited commercial supply

OVERVIEW

Graystone Capital Advisors is pleased to present the exclusive opportunity to acquire 5400 Ocean Avenue in Wildwood Crest, NJ (the “Property”). The Property (4,523sf of improvements on 3,600sf parcel) is located less than one block from the beach and boardwalk, and is comprised of one, ground-floor commercial unit with two residential apartments on the second floor. Given its proximity to the beach and boardwalk, as well as its corner location at a signalized intersection, the Property’s second floor benefits from unobstructed ocean views. The second floor contains a 900-square foot, 3-bedroom / 1-bathroom apartment as well as a 790-square foot, 2-bedroom / 1-bathroom apartment. The first floor is a turnkey restaurant/convenience store with a consistent operating history of over thirty years.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$398 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Seaside Diner & Market / Apartments

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,600 SF

ZONING

M-1-C

APN/PARCEL ID

15-00001-03-00017-02

ASK ABOUT THIS PROPERTY

Michael HinchmanGraystone Capital AdvisorsMore Info
609-408-8674

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Michael HinchmanGraystone Capital AdvisorsMore Info
609-408-8674

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.