INVESTMENT & DEVELOPMENT OPPORTUNITY IN WILDWOOD! Located just steps from the bay, 500 W. Glenwood Avenue offers more than 3,800 sq. ft. of living space and tremendous potential for investors, developers, and builders. Currently configured as a triplex, the property features three spacious units: a 3-bedroom/2-full-bath apartment, a 3-bedroom/1-bath apartment,… Read More and a 2-bedroom/1-bath apartment. The property has been operated as a rental investment, generating approximately $70,000 in combined annual rental income. With its desirable Wildwood location near the bay, this property offers multiple possibilities for the next owner. Renovate and reposition the existing units as an income-producing rental property, explore the potential for condominium conversion, or redevelop the site with new construction. The property will be delivered vacant and sold strictly AS-IS, giving the new owner the flexibility to begin renovations or redevelopment without existing tenant occupancy. A rare opportunity to acquire a large multi-unit property in Wildwood with existing income history, more than 3,800 sq. ft. of living area, and significant value-add and redevelopment potential. Ideal for the investor or builder looking to capitalize on one of the Jersey Shore's most popular destinations. Buyer responsible for conducting all due diligence regarding permitted uses, zoning, condominium conversion, redevelopment, and new construction possibilities with the appropriate municipal authorities. Read Less
Courtesy of Thomas Marinelli, SERHANT. New Jersey LLC, 609-494-2800
Built in 1960, Built in 2019 (effective), Living area: 3828, Building faces East, 2 stories, Levels: 2, Entry level: 1, Construction Materials: Block, Vinyl Siding, Tile
Cooling
Central A/C, Window Unit(s)
Accessibility Features
None
Foundation
Block, Crawl Space
Heating
Baseboard - Electric
Interior Features
Attic, Bathroom - Tub Shower, Ceiling Fan(s)
Lot
0.11 acres, Dimensions: 56 x 86, Corner
Parking
Paved Driveway
Pets Policy
Allowed: No Pet Restrictions
Property
Other structures: Above Grade, Below Grade, Bay, Water
Sewer
Public Sewer
Taxes
Annual Amount: $8,657, Year: 2026, Zoning: T-C
Utilities
Cable TV, Electric Available, Natural Gas Available, Sewer Available, Water Available, Water Source: Public, 100 Amp Service
Water Features
Water Body Name: Back Bay West Wildwood
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