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341 East Oak Avenue - Proposed 51 Unit Condo-Hotel Development 0.69 Acres of Commercial Land Offered at $3,500,000 in Wildwood, NJ 08260
Investment Highlights
- One of the last beach front lots in Wildwood
- Tremendous development opportunity
Executive Summary
Unlock the potential to build something truly exceptional. This rare development opportunity offers the chance to create a stunning collection of ocean-view residences just steps from the beach. Envision a coastal retreat that blends modern luxury, sweeping water views, and the timeless appeal of seaside living. The site currently operates as a parking lot measuring approximately 150’ x 200’, totaling 30,000 square feet. The property has by right the ability to construct a 24-unit condominium development, creating significant upside for a developer looking to maximize value.
Property Facts
| Price | $3,500,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| Sale Condition | Redevelopment Project | Total Lot Size | 0.69 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land |
| Price | $3,500,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.69 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $3,500,000 | Lot Size | 0.69 AC |
| Price Per AC | $5,072,463.77 |
| Price | $3,500,000 |
| Price Per AC | $5,072,463.77 |
| Lot Size | 0.69 AC |
Description
Unlock the potential to build something truly exceptional. This rare development opportunity offers the chance to create a stunning collection ofocean-view residences just steps from the beach. Envision a coastal retreat that blends modern luxury, sweeping water views, and the timelessappeal of seaside living. The site currently operates as a parking lot measuring approximately 150’ x 200’, totaling 30,000 square feet. Theproperty is presently approved for a 24-unit condominium development,creating significant upside for a developer looking to maximize value.
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
20/100
Fairly bikeable
40/100
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341 East Oak Avenue - Proposed 51 Unit Condo-Hotel Development