118 E Rio Grande Ave - Office/Residential FOR SALE


Wildwood, NJ 08260
$975,000 USD
609-729-8840
118 E Rio Grande Ave, Wildwood, NJ for Sale
$975,000 USD
Office/Residential - FOR SALE
1/2
null | Request Cap Rate

118 E Rio Grande Ave
Wildwood, NJ 08260


HIGHLIGHTS

  • Beach access
  • Walkability access
  • Backyard privacy

OVERVIEW

Options, Options, Options: This MIXED USE property offers a multitude of possibilities. Keep it as is with the house and office, convert the office into an apartment for rental income, or integrate the office into a spacious 5-bedroom home. This Mixed Use DOUBLE LOT is zoned RESIDENTIAL and COMMERCIAL, located in the heart of Wildwood, close to the beach. The expansive 80 x 100 lot is ideally situated on East Rio Grande Ave, within easy walking distance to major restaurants and the beach. This large property provides off-street parking and privacy with a large fenced backyard. The house spans the second and third floors. The second floor features a large eat-in kitchen, a spacious living room, two bedrooms, a bathroom, and an additional sitting area. The finished attic includes the third bedroom, a large closet, and ample storage space. Zoned GC (General Commercial), the first floor boasts a beautiful multi-room office with a half bath, customer walk-in access, and convenient off-street customer parking. This unique property is perfect for homeowners and business owners looking to maximize their opportunities at the shore. Property is sold as is. The customer office entrance is at the front of the building, while the owner’s entrance is on the side, with additional parking spaces. The owner’s property disclosure form is attached in the associated documents section.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$325 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Wildwood Opportunities at 118 E. Rio Grande

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Office Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,072 SF

ZONING

GC

APN/PARCEL ID

14-00040-0000-00021

ASK ABOUT THIS PROPERTY

James LopezLong & Foster Real Estate, Inc.More Info
609-729-8840

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James LopezLong & Foster Real Estate, Inc.More Info
609-729-8840

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.