Today’s market has not only made great deals available for Wildwood homes and condos, but also Wildwood commercial real estate. If you know where to look in today’s market, you are capable of finding something that should yield a good return for years.
You can certainly find deals up and down the Cape May MLS. A unique opportunity that is available involves a Wildwood commercial property. The property in Wildwood is known as the Eden Roc Motel, 5201 Atlantic Avenue, Wildwood New Jersey. The property is currently a 30 unit motel. It is made up of 23 motel units and 7 efficiency units.
What makes this commercial opportunity so unique is its location. The property’s proximity to the beach makes it quite desirable, it is only steps away. The Eden Roc also is on the border of Wildwood and Wildwood Crest. The property is also only 3 blocks from the Wildwood Convention Center.
The property comes fully equipped. It offers on-site owner’s quarters, offstreet parking, and inground pool. It offers 1 parking spot for every motel unit. The motel has long term high occupancy rates. Perhaps the most important feature of this Wildwood commercial property is its location in a new, high rise zone. The Wildwood high rise zone allows for a 25 story high rise to be built on this location. The property is being offered at $2,100,000. If you would like additional photos, visit it at MLS #124175. For more information, send me an email or call 856 287 8396.