For Sale: 400-401 Magnolia, Wildwood, NJ 08260 | MLS# 186230

Incredible cash cow investment opportunity in the heart…

$1,249,900.00
0 Beds
0 Baths

For Sale: 400-401 Magnolia, Wildwood, NJ 08260 | MLS# 186230

Incredible cash cow investment opportunity in the heart of Wildwood!  Over Half An Acre Of Beach & Boardwalk Block Land! 2 Lots Available Totaling 24,750 Sq Ft. 400 E Magnolia Ave is 125’ x 90’ and 11 ,250 Sq Ft. 401 E Glenwood Ave Is 150’ x 90’ and 13,500 Sq Ft. Fully Cleared Lot Is Currently Operating As A 95 Space Parking Lot. Flexible Tourism Entertainment (TE) Zoning Allows For Multiple Uses And Development. Permitted Uses Include Restaurant, Bars, Hotel, Motel, Resort, Retail, Residential Units, And More. The seller is will guarantee a $75,000 lease for 5 years if buyer wants.

Map

Listing information courtesy of KELLER WILLIAMS REALTY JERSEY SHORE oc.

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Amenities

  • Price: 1,249,900
  • MLS Number: 186230
  • Outside Features: Other (See Remarks)
  • Exterior: Other (See Remarks)
  • Parking: 11 Or More Spaces, Off Street
  • Location: Beach Block, Business District, Boardwalk, Water View
  • Taxes: 29302.00
  • Lot Number: 1 & 20
  • Block Number: 229