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The Salty Mermaid Bar & Grille 2507 Delaware Ave 11,000 SF Retail Building North Wildwood, NJ 08260 $2,699,900 ($245.45/SF) 11% Cap Rate
INVESTMENT HIGHLIGHTS
- North Wildwood Beach and Boardwalk: A short distance away, offering recreational activities, shops, and dining options.
- The property is accessible via Delaware Avenue, connecting to New Jersey Avenue (Route 621)
- The area is served by NJ Transit Bus Routes 313/315.
- During the summer season, the Tramcar operates along the Wildwoods boardwalk.
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Building Size
11,000 SF
Building Class
C
Year Built
1900
Price
$2,699,900
Price Per SF
$245.45
Cap Rate
11%
NOI
$296,991
Tenancy
Single
Building Height
2 Stories
Building FAR
1.01
Lot Size
0.25 AC
Zoning
R2 - R-2 zoning is a zoning district for medium-density residential neighborhoods
Parking
5 Spaces (0.45 Spaces per 1,000 SF Leased)
Frontage
Walk Score®
Very Walkable (76)
Bike Score®
Very Bikeable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 07-00133-0000-00001 | Improvements Assessment | $496,300 |
| Land Assessment | $313,200 | Total Assessment | $809,500 |
PROPERTY TAXES
Parcel Number
07-00133-0000-00001
Land Assessment
$313,200
Improvements Assessment
$496,300
Total Assessment
$809,500
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The Salty Mermaid Bar & Grille | 2507 Delaware Ave
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