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5400 Ocean Ave
Wildwood Crest, NJ 08260
Seaside Diner & Market / Apartments · Retail Property For Sale
Investment Highlights
- Prime beach-block location with unobstructed ocean views
- Delivered vacant for immediate repositioning and upside
- Strong appreciation trends and limited commercial supply
- Mixed-use layout with retail and residential components
- Located in a high-demand tourism market attracting 9M visitors annually
Executive Summary
Graystone Capital Advisors is pleased to present the exclusive opportunity to acquire 5400 Ocean Avenue in Wildwood Crest, NJ (the “Property”). The Property (4,523sf of improvements on 3,600sf parcel) is located less than one block from the beach and boardwalk, and is comprised of one, ground-floor commercial unit with two residential apartments on the second floor. Given its proximity to the beach and boardwalk, as well as its corner location at a signalized intersection, the Property’s second floor benefits from unobstructed ocean views. The second floor contains a 900-square foot, 3-bedroom / 1-bathroom apartment as well as a 790-square foot, 2-bedroom / 1-bathroom apartment. The first floor is a turnkey restaurant/convenience store with a consistent operating history of over thirty years.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,523 SF
Building Class
C
Year Built
1984
Price
$2,453,292 CAD
Price Per SF
$542.40 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.26
Lot Size
0.08 AC
Zoning
M-1-C - https://ecode360.com/36120532?highlight=m-1-c&searchId=2206191782601601#36120533
Frontage
292’ on Ocean Avenue
Amenities
- Corner Lot
- Signage
- Balcony
Property Taxes
| Parcel Number | 15-00001-03-00017-02 | Improvements Assessment | $302,573 CAD |
| Land Assessment | $392,527 CAD | Total Assessment | $695,099 CAD |
Property Taxes
Parcel Number
15-00001-03-00017-02
Land Assessment
$392,527 CAD
Improvements Assessment
$302,573 CAD
Total Assessment
$695,099 CAD
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