For Sale 3400 Boardwalk, Unit 3K, Wildwood, NJ, 08260

This prime Wildwood Boardwalk unit boasts 16.1 feet of direct boardwalk frontage, offering unmatched visibility in one of the area’s busiest and most visited locations, just steps from Mariner’s Pier. The property is currently under a $50,000 NNN lease, set to run through 2027 with a five-year extension option, making it a solid investment opportunity. Previously home to a basketball game, this space is now part of Wally’s Restaurant. At the current asking price and under the existing lease, the property provides a 7% return for investors. Unit 3K is available for $2,299,000 and generates $155,000 in annual rental income, including $140,000 from the same lease terms with the same tenant and $15,000 from a Coca-Cola lease for the iconic sign, resulting in a 6.74% cap rate.

PRIME LOCATION....ACROSS FROM BEACH AND BWALK. PARKING LOT GOES FROM OCEAN TO ATLANTIC AVENUES. PRIME FOR HOTEL, MOTEL AND OTHER COMMERICAL USES ENDLESS POSSIBILITIES. THIS AREA IS ONE OF THE HOTEST AREAS IN WILDWOOD FOR DEVELOPMENT. DOESN\'T GET ANY BETTER. ROADMAP FOR SUCCESS: HAVE THE VISION; REALIZE THE IMPACT; AND SEE THE GROWTH. SKY IS THE LIMIT.

Welcome to Historic Grassy Sound! WOW !! Condo out the 2 homes if needed both homes are on one lot, Price for the 2 Homes only is $749,000 and for Boat house ,on seperate lot is $169,000. This property has a North Wildwood Address and Zip code. Located Waterfront right outside of North Wildwood, Anglesea , Stone Harbor and short ride to Cape May. Grassy Sound is a perfect fit of peaceful, tranquil and great outdoor Adventures. Catch stripers, weakies. crabbing right off your own dock! Sunbathe with decks North, South, East and West!! WOW Keep your Boats and or Water toys, wave runners at your own dock with Bulkhead. The property has approx. more than a Half Acre of waterfront with 110\' frontage on the Intercoastal waterway. Has 2 separate homes and a one room bunk house on property. #33 Home is Waterfront with 2 separate bedrooms, spacious living room with views of the Intercoastal, with wrap around decks! Watch the start of a Beautiful Day with a sunrise and cup of coffee. Has spacious Eat in Kitchen and Family room also. Home has baseboard hot water heat, owner lives there all year round. #35 is a 2 Bedroom Chalet style open floor plan home with vaulted ceilings and one bath. Great views of intercoastal and Nature at its Best!! decks for sunbathing also! Has baseboard hot water heat and is currently rented all year round for $2000.00 monthly. #37 is a small one room cottage, bunkhouse used for overflow!!Owner is member of the Grassy Sound Civic Assoc. which serves to provide sewer to more than 40 Homes in the Area. There is a monthly charge for sewer installation repayment and disposal also. Sale is subject to a Tidelands lease which seller is in the process of obtaining. More information on it will be available soon. House and Chalet are on one Deed and Bunkhouse is on Another, both properties are included in Sale.