For Sale Carolina North, Rio Grande, NJ, 08242

INVESTOR OPPORTUNITY!! Package deal. Located at 405 N Wildwood Blvd right off the Garden State Parkway, the property is a former hotel that was converted to multifamily apartments. The property has been fully renovated including new mechanicals and is ready with 13 Market Rate apartments (11 efficiencies, 1 - one bed, 1 - three bed). The building’s construction with all units being first floor walk-ins, having on-site laundry, and room for additional storage units will add to its appeal. This property will allow an investor to capture full market rents and add significant value through lease-up in a rental area with huge demand. N Wildwood Blvd benefits from its close proximity to North Wildwood’s beaches and extended shoulder season to bolster Airbnb models. To the west, Burleigh is aggressively developing commercial real estate which may interest investors in also purchasing 401 N Wildwood Blvd on this same parcel. Netting 222’ of frontage and 1.08 AC of dry land opens up a number of additional opportunities in a high traffic, high visibility area.

Has lateral on property. Lot is L shaped smaller lot is 50x100.

Flag lot with 100x150 rear 38\' easement zoned Town Business Possible wetlands on the southeast corner, because of proximity to wetlands a letter of interpretation is needed from DEP for setbacks. All information is public information buyer should do their due diligence and confirm accuracy. From the township sewer is in the flagpole portion of the easement for the lot already.