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$ 3,500,000
Est. payment | /mo
$ 3,500,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260739
Annual Tax Amount $25,824
Tax Year 2024
Lot Dimensions 30000
Property Sub-Type Commercial/Industrial
Property Description
Unlock the potential to build something truly exceptional. This rare development opportunity offers the chance to create a stunning collection of ocean-view residences just steps from the beach. Envision a coastal retreat that blends modern luxury, sweeping water views, and the timeless appeal of seaside living. The site currently operates as a parking lot measuring approximately 150' x 200', totaling 30,000 square feet. The property is presently approved for a 24-unit condominium development, creating significant upside for a developer looking to maximize value. All residences are thoughtfully designed as spacious three-bedroom units, each featuring en-suite baths, a powder room, and dedicated laundry. Every home includes a private balcony positioned to capture expansive ocean views, enhancing the coastal living experience. The architecture reflects a sophisticated, contemporary style that complements the charm and character of Wildwood's coastline. Residents will enjoy premium amenities, including two elevators, a rooftop pool, and fitness center—ideal for taking in sunset views over the horizon. The development also includes two levels of structured parking, thoughtfully designed to accommodate ample parking for both residents and guests, ensuring convenience for everyday living and seasonal use alike. This is a unique opportunity to collaborate with an experienced developer and bring a landmark coastal project to life—one that will define luxury oceanfront living for years to come. Development plans are available, and the asking price includes local approvals along with state/CAFRA approvals for expanded density.
Location
State NJ
County Cape May County
Area Wildwood
Zoning COM
Location Details Beach Block,Water View
Interior
Heating No Heating
Cooling Other (See Remarks)
Building
Lot Description Beach Block, Water View
Sewer Other
Water Other
Listed by OCF REALTY LLC
Nearby Locations
Scott Zielinski
Team Leader - Realtor® Associate | License ID: 1645364
+1(856) 264-8671 | scott@zhomesrealestate.com