Commercial Property Deal – Wildwood *

The buyer will pay a 3% commission for this deal.

PROPERTY DETAILS

✅ 6.06 Acres

✅ Waterfront Commercial Property

✅ Block 806 | Lot 4.01

✅ Former Waterfront Restaurant

✅ Existing Marina Basin

✅ 14 Boat Slips

✅ Existing Bulkheaded Shoreline

✅ Direct Water Access

✅ Public Water

✅ Public Sewer

✅ Existing Utility Infrastructure

✅ Shawcrest Island Location

✅ Minutes From Wildwood Beaches

✅ Minutes From Cape May

CONCEPTUAL WATERFRONT CONDOMINIUM DEVELOPMENT

Ownership previously explored a luxury waterfront condominium redevelopment consisting of approximately 14 waterfront residences with deeded boat slips. The concept included a mix of luxury waterfront units designed to maximize marina and bay views.

CONCEPTUAL UNIT MIX & PROJECTED SELL-OUT

✅ 8 Waterfront 2-Bedroom Units

Approx. 1,050 SF

Projected Pricing From $750,000 Each

✅ 2 Waterfront 3-Bedroom Units

Approx. 1,450 SF

Projected Pricing From $1,450,000 Each

✅ 2 Wraparound Balcony 3-Bedroom Units

Approx. 1,475 SF

Projected Pricing $1,700,000–$1,800,000 Each

✅ 2 Penthouse Residences

Approx. 1,875–2,075 SF

Projected Pricing $2,350,000–$2,500,000 Each

PROPOSED AMENITIES

✅ One Deeded Boat Slip Per Residence

✅ Marina & Waterfront Access

✅ Private Balconies

✅ Penthouse Terrace Opportunities

✅ Premium Boat Slip Upgrade Potential

✅ Direct Marina & Bay Views

Based on the prior redevelopment concept and pricing schedule, the projected sell-out value exceeds $17M and could approach $19M+, subject to final approvals, design, unit mix, market conditions, and buyer due diligence.