3400 Boardwalk, Wildwood, NJ | MLS # 253064 For Sale

Property Details

This prime Wildwood Boardwalk unit boasts 16.1 feet of direct boardwalk frontage, offering unmatched visibility in one of the areas busiest and most visited locations, just steps from Mariners Pier. The property is currently under a $50,000 NNN lease, set to run through 2027 with a five-year extension option, making it a solid investment opportunity. Previously home to a basketball game, this space is now part of Wallys Restaurant. At the current asking price and under the existing lease, the property provides a 7% return for investors. Unit 3K is available for $2,299,000 and generates $155,000 in annual rental income, including $140,000 from the same lease terms with the same tenant and $15,000 from a Coca-Cola lease for the iconic sign, resulting in a 6.74% cap rate.

This listing is provided courtesy of DON MARTIN REALTY, INC

MLS #: 253064
Status: Active
Address: 3400 Boardwalk, Wildwood, NJ 08260
Date Listed: 10/14/2025
Days on Market: 130
Stipulations: No

Location

Interior Features

Cool System: Central Air Conditioning, Wall Air Conditioning
Heat System: No Heating

Exterior Features

New Construction: No

Additional Features

County: Cape May County
Property Type: Retail
Water/Sewer: City
Lot Number: 187
Block Number: 1.01
Associated Document Count: 5
District/Township: 14-Wildwood City
For Sale / Lease: For Sale
Taxes: 12477.6
3rd Party Approval: No

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