Oceanfront Mixed Use Property Development Strip Center New Jersey

Sands Investment Group is Pleased to Present Exclusively For Sale a Mixed Use Property Development at 3000 Boardwalk in Wildwood, New Jersey. Approximately 9 Million People Visit Wildwood Annually to Visit the White Sand Beaches or Attend Over 180 Family Focused Events. The Existing 3 Story Structure With 15,000 SF Floor Plates is Located in the BA – Boardwalk Amusement Zoning, Which Allows For Maximum Flexibility in Use, Including Retail and Hotels Up To 6 Stories. The Existing Retail Tenants Generate Almost $450,000 in Gross Revenue, Making the Property an Excellent Covered Land Play While Redevelopment Plans are Approved.

• Property is Located in an Opportunity Zone Giving the Next Owner Favourable Tax Advantages to Redevelopment
• 3000 Boardwalk is Located in the BA – Boardwalk Amusement Zoning Which Allows For Many “By Right” Uses Including Retail and Full Service Hotels to 6 Floors
• The Existing Retail Tenants, Several of Which Have Been in Place Over 20 Years, Generate Almost $450,000 Gross Revenue Per Season, Making the Property an Excellent Covered Land Play While Redevelopment Plans Are Generated and Approved
• Landlord Has an Almost 40 Year History of Zero Summer Vacancies Prior to 2020 Pandemic
• Recent Capex Improvements Include a New Roof in 2020 and New Bathrooms and Interior Improvements in the Retails Spaces While the Second and Third Floors Remain in Shell Condition
• Wildwood is Centrally Located in the Highly Desirable New Jersey Cape Region Where More Than 25 Million People From New York to Washington DC can Reach the Property Within a Half Day’s Drive
• Wildwood Boardwalk Has Been Named #1 Boardwalk in America and Over 9 Million Annual Visitors Walk the Boardwalk in Front of the Property
• Morey’s Amusement Pier Was Named a “Top 10 Pier in America”
• Wildwood Has Been Chosen as One of Time Magazine’s “50 Authentic American Experiences”
• Voted “Top Tourist Town in the Northeast” For Families, Featuring Over 11,000 Guest Rooms Within a 5-Mile Radius
• Home to a State of the Art 260,000 SF Convention Center Which Often Serves as a Base For Over 180 Family Focused Events a Year
• Wildwood is the East Coast’s Most Fun and Exciting Seaside Promenade Features 38 Blocks of Sensory Overload With Three Amusement Piers Boasting More Rides and Attractions Than Disneyland, Three Incredible Water Parks, Arcades, Games, Retail Shopping and More Eateries Than the Mall of America; It’s “America’s Boardwalk”

Sands Investment Group New Jersey, LLC Lic. # 2187470 – Tom Gorman BoR: NJ Lic. # 2187471

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