100 E 24th Avenue

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100 E 24th Avenue

North Wildwood, NJ 08260
Asking Price
$1.60M
Asset Type
Commercial Mixed-use
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Located at 100 E 24th Avenue in North Wildwood New Jersey
  • Commercial mixed-use asset encompassing 4,000 square feet of space
  • Offered for sale at a price of 1,600,000 dollars
  • Positioned within a busy coastal market with significant seasonal traffic
  • Property supports diverse business operations including retail and office uses

What's Special

North Wildwood serves as a coastal hub within Cape May County, characterized by a seasonal tourism-driven economy and steady year-round residential activity. This 4,000-square-foot mixed-use commercial property at 100 E 24th Avenue stands in a prominent position within this popular shore community. The asset is well-suited for businesses looking to capitalize on high foot traffic areas typical of the Jersey Shore, offering versatile layout potential for retail storefronts, office suites, or service-based enterprises that require visibility in a dense demographic environment. Investors seeking to diversify into coastal real estate will find this asset aligns with the steady demand for commercial space in the region. The property provides a functional base for operators ranging from boutique retailers to professional service firms aiming to establish a foothold near the Atlantic coastline. Its size and location offer clear opportunities for adaptive use and long-term tenant stability in a market that benefits from consistent visitor influx and regional growth.

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NOI
$80,000
Cap Rate
5.00%
DSCR
0.84
Underwater
Cash-on-Cash
-3.12%
Monthly Payment
$7,915.927
Annual Cash Flow
$-14,991.124

Location & Travel Times