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$ 949,000
Est. payment /mo
New
500 W Glenwood Avenue West Wildwood, NJ 08260
8 Beds
4 Baths
3,828 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,828 sqft
Price per Sqft $247
MLS Listing ID 263254
Style See Remarks
Bedrooms 8
Full Baths 4
Year Built 1960
Annual Tax Amount $8,657
Tax Year 2026
Lot Dimensions 4818 sqft
Property Sub-Type Other
Property Description
INVESTMENT & DEVELOPMENT OPPORTUNITY IN WILDWOOD! Located just steps from the bay, 500 W. Glenwood Avenue offers more than 3,800 sq. ft. of living space and tremendous potential for investors, developers, and builders. Currently configured as a triplex, the property features three spacious units: a 3-bedroom/2-full-bath apartment, a 3-bedroom/1-bath apartment, and a 2-bedroom/1-bath apartment. The property has been operated as a rental investment, generating approximately $70,000 in combined annual rental income. With its desirable Wildwood location near the bay, this property offers multiple possibilities for the next owner. Renovate and reposition the existing units as an income-producing rental property, explore the potential for condominium conversion, or redevelop the site with new construction. The property will be delivered vacant and sold strictly AS-IS, giving the new owner the flexibility to begin renovations or redevelopment without existing tenant occupancy. A rare opportunity to acquire a large multi-unit property in Wildwood with existing income history, more than 3,800 sq. ft. of living area, and significant value-add and redevelopment potential. Ideal for the investor or builder looking to capitalize on one of the Jersey Shore's most popular destinations. Buyer responsible for conducting all due diligence regarding permitted uses, zoning, condominium conversion, redevelopment, and new construction possibilities with the appropriate municipal authorities. Sellers Disclosure available on request.
Location
State NJ
County Cape May
Area West Wildwood
Zoning T-C
Location Details Water View
Interior
Hot Water Electric
Heating Electric, Baseboard
Cooling Window Air Conditioning
Exterior
Parking Features Parking Pad
Building
Lot Description Water View
Sewer Public
Water Public
Structure Type Aluminum
New Construction No
Listed by SERHANT