3000 Pacific Avenue - ACTIVE

$1,790,831

MLS: 261307 | Bedrooms: | Baths: | Half: | Type: Mixed Use
Lot:90.00 x 12 | Taxes: $9097 | Area: Wildwood

Exceptional mixed-use investment opportunity in the heart of Wildwood’s rapidly expanding redevelopment corridor! This turn-key commercial portfolio offers incredible cash flow potential with seven possible income streams, making it the perfect opportunity for investors, developers, or business owners looking to diversify and expand their portfolio. Located within the Wildwood Redevelopment Zone, this unique property may provide additional redevelopment incentives and long-term upside potential. Situated on a large 90 x 120 lot, the property features approximately 4,800 square feet of retail/commercial space, a detached garage with second-floor space, a rear parking area, and an additional income-producing cottage currently operating as a successful Airbnb. Positioned within Wildwood’s growing business district and surrounded by residential and mixed-use development, this property offers immediate cash flow with significant long-term redevelopment and appreciation potential. Major capital improvements have already been completed, including all new exterior storefronts (2023), new electric and plumbing (2022), new HVAC systems, doors, windows, drywall, and interior paint (2022), plus a new roof installed in 2021. Additional site work was completed in 2022, including upgraded water, sewer, separate water meters in each unit and electric infrastructure.

Heating: Gas Natural
Cooling: Central Air Conditioning
Cooling: Electric
Public

Let Kevin Gillespie Shore Real Estate be your buyer agent for this listing. Listing is provided by RE/MAX REAL ESTATE. The data relating to real estate for sale on this web page appears in part through the Cape May County MLS program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which we participate, and is provided by Cape May County MLS through a licensing agreement. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to change, withdrawal, or prior sale.

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3000 Pacific Avenue, Wildwood

Bd | Ba | Half | Type: Mixed Use

MLS: 261307 | ACTIVE: $1,790,831

Kevin Gillespie | Shore Real Estate

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We've bought & sold 3 times at the shore with Kevin. We'd highly recommend him to anyone. He knows the real market. Kevin actually talked us out of buying a few properties that would've been a bad idea for us down the road. Thank goodness he did! Something that stands out about Kevin...is how he keeps in touch and is always checking in. Plus, he has 2 or 3 client appreciation parties each year...continually thanking us for our business and friendship. Who else does that? In any business?
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