Wildwood Opportunities at 118 E. Rio Grande | 118 E Rio Grande Ave
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Wildwood Opportunities at 118 E. Rio Grande 118 E Rio Grande Ave
3,000 SF 100% Leased Office Building Wildwood, NJ 08260 £769,275 (£256/SF)
Investment Highlights
- Beach access
- Backyard privacy
- Walkability access
Executive Summary
Options, Options, Options: This MIXED USE property offers a multitude of possibilities. Keep it as is with the house and office, convert the office into an apartment for rental income, or integrate the office into a spacious 5-bedroom home. This Mixed Use DOUBLE LOT is zoned RESIDENTIAL and COMMERCIAL, located in the heart of Wildwood, close to the beach. The expansive 80 x 100 lot is ideally situated on East Rio Grande Ave, within easy walking distance to major restaurants and the beach. This large property provides off-street parking and privacy with a large fenced backyard.
The house spans the second and third floors. The second floor features a large eat-in kitchen, a spacious living room, two bedrooms, a bathroom, and an additional sitting area. The finished attic includes the third bedroom, a large closet, and ample storage space. Zoned GC (General Commercial), the first floor boasts a beautiful multi-room office with a half bath, customer walk-in access, and convenient off-street customer parking.
This unique property is perfect for homeowners and business owners looking to maximize their opportunities at the shore. Property is sold as is. The customer office entrance is at the front of the building, while the owner’s entrance is on the side, with additional parking spaces. The owner’s property disclosure form is attached in the associated documents section.
The house spans the second and third floors. The second floor features a large eat-in kitchen, a spacious living room, two bedrooms, a bathroom, and an additional sitting area. The finished attic includes the third bedroom, a large closet, and ample storage space. Zoned GC (General Commercial), the first floor boasts a beautiful multi-room office with a half bath, customer walk-in access, and convenient off-street customer parking.
This unique property is perfect for homeowners and business owners looking to maximize their opportunities at the shore. Property is sold as is. The customer office entrance is at the front of the building, while the owner’s entrance is on the side, with additional parking spaces. The owner’s property disclosure form is attached in the associated documents section.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
3,000 SF
Building Class
C
Year Built
1950
Price
£769,275
Price Per SF
£256
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
1,000 SF
Building FAR
0.37
Land Acres
0.19 AC
Opportunity Zone
Yes
Zoning
GC - General Commercial
Parking
4 Spaces (1.33 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
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Walk Score ®
Very Walkable (84)
PROPERTY TAXES
Parcel Number | 14-00040-0000-00021 | Improvements Assessment | £66,214 |
Land Assessment | £188,957 | Total Assessment | £255,170 |
PROPERTY TAXES
Parcel Number
14-00040-0000-00021
Land Assessment
£188,957
Improvements Assessment
£66,214
Total Assessment
£255,170
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Wildwood Opportunities at 118 E. Rio Grande | 118 E Rio Grande Ave
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