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 Wildwood\'s first true luxury experience located BEACHBLOCK at this exquisite residence which is literal steps to the beach and boardwalk, and within easy walking distance to all that Wildwood has to offer. This one-of-a-kind, fully poured concrete and concrete block structure from top to bottom will provide unparalleled strength and stability. Pre-cast concrete ceilings and floors will provide a level of noise reduction and wind resistance that is unmatched. The open-concept floor plan harmonizes modern design with the natural beauty of the coastal surroundings. Savor ocean views from the large private deck, with plenty of room for a table/chairs and lounge furniture, allowing you to easily incorporate the outside and inside, plus a large storage closet on the deck is included. At approximately 1700 sq feet interior space plus approximately 200 sq feet of private deck space, this condo ensures ample space for both relaxation and entertainment with 4 generously appointed bedrooms and 3 luxuriously crafted bathrooms. Enjoy a chef\'s dream kitchen, featuring top-of-the-line appliances, custom cabinetry, and pristine stone countertops, perfect for hosting intimate gatherings or preparing large family meals. No detail is spared, including wide plank floors throughout, custom lighting fixtures, meticulously crafted millwork, and marble and porcelain bathroom finishes with glass enclosures. Enjoy exclusive elevator access to the rooftop deck that is perfect for viewing Friday Night Fireworks and listening to concerts on the beach. Each unit will have a large storage room that is perfect for storing beach gear, plus common bike storage on the ground level. With a state-of-the-art gated entrance to the carport, large common elevator, 13-foot ceilings in the carport with two assigned parking spots perfect for large vehicles, residents can enjoy the utmost privacy and security in this exclusive community. Taxes and Condo Fees to be determined. Interior pictures are of a sample unit in building with similar finishes as the unit offered for sale.