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MLS#:	252840
Property	Commercial/Industrial
Price:	$3,200,000.00
Location:	400 E Spencer Avenue
City:	Wildwood
State:	NJ
Bedrooms:	0
Bathrooms:	0
Lot Size:
YearBuild:
Taxes:	$17,545.00(2024)

400 E Spencer Avenue Wildwood, NJ 252840 Add to List

Rare offering in the heart of Wildwood – a well-maintained beach block property featuring an expansive parking lot with capacity for 80–100 cars plus a 3-bedroom, 2-bath year-round apartment with living room and kitchen. The apartment roof has been recently replaced, and the property has been kept in excellent condition, providing immediate rental income and strong holding potential. This site presents unlimited possibilities for developers and investors. Continue to operate the parking lot as a steady cash-flowing business while exploring plans for a future redevelopment project. Its location on the east side of Ocean Avenue offers direct proximity to the boardwalk, beach, and all of Wildwood’s attractions—ideal for condos, multifamily residences, boutique lodging, or mixed-use concepts. With fabulous growth and redevelopment opportunities in Wildwood, this property is perfectly positioned for both short-term returns and long-term vision. Don’t miss one of the last true beach block parcels of this size—an opportunity with endless potential.

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LOCATION
      Beach Block
      Business District
      Boardwalk
      Other (See Remarks)

EXTERIOR
      Block
      Concrete
      Wood/Frame

LOCATION
      Other (See Remarks)

OUTSIDE FEATURES
      Storage Building

EXTERIOR FEATURES
      Security Light/System

INTERIOR FEATURES
      220 Volt Electricity
      Living Space Available
      Smoke/Fire Alarm
      Storage

SPECIALTY ROOMS
      Laundry Room
      Utility Room

LOCATION
      Other (See Remarks)
      Other (See Remarks)

PARKING
      11 Or More Spaces
      Paved

HEATING
      Electric
      Solar

COOLING
      Wall Air Conditioning

WATER
      City
      City

HEATING
      Electric

FINANCING AVAILABLE
      Conventional

SHOW INFORMATION
      Sign On Property
      Contact List Broker

ZONING
      Commercial
      Industrial

LOCATION
      Other (See Remarks)

UNIT LOCATION
      Water View

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Let HOFFMAN AGENCY be your buyer agent for this listing. Listing is provided by HOFFMAN AGENCY and Cape May County MLS. The data relating to real estate for sale on this web page appears in part through the Cape May County MLS program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which we participate, and is provided by Cape May County MLS through a licensing agreement.
Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to change, withdrawal, or prior sale.