218 E Schellenger Avenue

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218 E Schellenger Avenue

Wildwood, NJ 08260
Asking Price
Contact for price
Asset Type
Bar Retail
Class
Class B

AI Property Summary

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

  • The retail property measures 5,100 square feet in size.
  • Located at 218 E Schellenger Avenue in Wildwood, New Jersey.
  • The asset currently serves as a functional bar space.
  • Wildwood draws consistent visitor traffic as a major coastal destination.
  • The building layout supports diverse retail or entertainment business concepts.

What's Special

Spanning 5,100 square feet, this retail property at 218 E Schellenger Avenue in Wildwood operates as a bar. The asset provides a substantial footprint for hospitality operations within the coastal environment of New Jersey. Wildwood serves as a prominent destination along the Jersey Shore, benefiting from high seasonal foot traffic and a steady stream of tourists throughout the warmer months. Given the layout and zoning classification, the space is well-positioned for continued use as a tavern or similar entertainment-focused venue. Investors and business owners can leverage the location to capture significant visitor volume in a market defined by its boardwalk culture and established leisure economy. The regional infrastructure supports accessibility for patrons, while the existing structure offers a foundational space for a variety of retail or service-oriented business models. This property represents a functional addition to the commercial landscape of a high-visibility resort town, catering to both the local population and transient seasonal crowds.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

Location & Travel Times