400 E Spencer Avenue

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400 E Spencer Avenue

Wildwood, NJ 08260
Asking Price
$2.89M
Asset Type
Commercial Land
Class
Class B

AI Property Summary

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

  • Commercial land parcel located at 400 E Spencer Avenue
  • Asset is currently offered for sale at $2,890,000
  • Prime location within the coastal Wildwood, New Jersey market
  • Flexible site suitable for diverse commercial development projects
  • Situated to benefit from regional tourism and visitor traffic

What's Special

Development of this commercial land parcel at 400 E Spencer Avenue provides a strategic footprint within the Wildwood, New Jersey market. Positioned to accommodate a variety of commercial business operations, the site benefits from the seasonal activity and robust tourism economy characteristic of this coastal region. The property supports diverse potential use cases, allowing investors to capitalize on the steady traffic flow generated by the popular Atlantic shore destination. Its placement within the local municipality makes it suitable for enterprises seeking visibility and access to visitors throughout the summer months. As a coastal community, Wildwood continues to attract interest from both established business owners and long-term investors looking to expand their commercial presence in the area. The site is positioned to serve local needs while tapping into the broader regional visitor market.

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NOI
$80,000
Cap Rate
2.77%
DSCR
0.47
Underwater
Cash-on-Cash
-10.56%
Monthly Payment
$14,298.143
Annual Cash Flow
$-91,577.718

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