Prime Beach Block Mixed Use Investment Opportunity - Wildwood Crest, NJ
Exceptional 4,523 square foot mixed-use property located directly across from the beach at 5400 Ocean Ave in the heart of Wildwood Crest's premier tourist district. This irreplaceable beach block positioning at a signalized corner intersection ensures perpetual high demand and maximum visibility.
Property Features:
• First Floor: Turnkey restaurant/convenience store with over 30 years of consistent operating history
• Second Floor: Two residential units - 900 sq ft (3BR/1BA) and 790 sq ft (2BR/1BA) apartments
• Unobstructed ocean views from second floor units
• Total building size: 4,523 square feet
• Construction year: 1984
• Current real estate taxes: $7,380 annually
Investment Highlights:
• Prime beach block location with direct ocean access
• Diversified income potential from retail and residential units
• Established retail operation with three-decade track record
• Corner location at signalized intersection maximizes exposure
• Flexible ownership options - maintain as mixed-use investment or convert units to condominiums
• Tourist district location ensures strong seasonal demand
• Turnkey restaurant/convenience store ready for immediate operation or lease
This rare offering combines the stability of residential rental income with the high-revenue potential of beachfront commercial space. The property's strategic location in Cape May County's sought-after Wildwood Crest provides year-round appeal with peak summer tourist traffic.
The retiring seller has successfully operated this property for decades, demonstrating its proven income-generating capability. Whether maintained as a mixed-use investment, owner-operated business location, or converted to condominiums, this property offers multiple value-creation strategies.
Asking Price: $1,900,000 ($420 per square foot)
Reason for Sale: Owner retirement after successful long-term operation. This represents a unique opportunity to acquire an established beachfront asset in one of New Jersey's most desirable coastal markets.
Ad#:2448291
