$1,000,000
$1,950,000
48.7%For more information regarding the value of a property, please contact us for a free consultation.
0.98 Acres Lot
SOLD DATE : 10/29/2019
Key Details
Sold Price $1,000,000
Property Type Commercial
Sub Type Land for Commercial Use
Listing Status Sold
Purchase Type For Sale
Subdivision None Available
MLS Listing ID 1000341275
Sold Date 10/29/19
HOA Y/N N
Originating Board TREND
Annual Tax Amount $42,165
Tax Year 2019
Lot Size 0.976 Acres
Acres 0.98
Lot Dimensions 180X200
Property Description
Check out this incredible, once-in-a-lifetime opportunity to change Wildwood's skyline forever. This +/- 1-acre lot is less than 150' from the famous Wildwood boardwalk & beach, and just a short 5-minute walk from popular tourist locations like Morey's Pier, Surfside Pier, Sam's Pizza, the Wildwood Convention Center, etc. This property is currently approved for a ten-story hotel; with plans for 222 on-site parking spaces, which are located from the ground floor to the 3rd floor. The 4th-floor is designated as a lobby and dining area. The 5th through 9th-floors are designated as hotel rooms, and the 10th-floor is currently designated as an indoor pool and recreation area. UPDATE - APRIL 2018 - Townhouse Community // Mixed-Use . Five (5) New Site Plans have been created to depict a residential/mixed-use layout for this property. Check out the 'building plan' attached to this listing to see all 5 new site plans. Plan 1 (Mixed-Use): Fourteen (14) total units; ten (10) of which are being designated as +/-2750sqft three-story townhouses; with the remaining four (4) units consisting of a +/-1050sqft first-floor commercial space and a +/-2125sqft residential space spanning the second & third floors. Plan 2 (Mixed-Use): Same configuration as Plan 1, but with a different parking arrangement. Plan 3 (Residential): Nineteen (19), +/-3100sqft three-story townhouses. Plan 4 (Residential): Seventeen (17), +/-3100sqft three-story townhouses. Plan 5 (Residential): Twenty-one (21), +/-2800sqft three-story townhouses.
Location
State NJ
County Cape May
Area Wildwood City (20514)
Zoning TE
Rooms
Other Rooms Primary Bedroom
Interior
Hot Water None
Heating None
Cooling None
Fireplace N
Heat Source None
Exterior
Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available
Water Access N
View Water
Street Surface Other
Accessibility None
Road Frontage Boro/Township, State, Private
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Wildwood City Schools
Others
Tax ID 14-00195 01-00016
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition REO (Real Estate Owned)
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Bought with Brandon Hedenberg • BHHS Fox & Roach-Washington-Gloucester