6007 New Jersey Avenue $894,172

Welcome to 6007-11 New Jersey Ave, a remarkable mixed-use dwelling offering a lucrative investment opportunity in the heart of Wildwood Crest. Situated on a massive 120x90 lot, this property comprises three thriving (and occupied) first floor commercial units and two second-floor residential units (One 1BR and one 2BR), boasting a substantial gross rental income of 88k+ annually. With its incredible income potential and vast development possibilities, this is an opportunity not to be missed. As you make your way to the second floor, you'll find two residential units that provide comfortable and convenient living spaces. These units feature functional layouts that have never had issue renting. The enormous lot size presents significant development opportunities for the future. Whether you envision expanding the existing structure, adding additional units, or exploring alternative uses, the possibilities for growth and increased revenue are immense. The property's strategic location and the area's demand for commercial and residential spaces make it an exceptional long-term investment. Investors, entrepreneurs, and developers, seize this remarkable opportunity to acquire a mixed-use property with substantial rental income and significant development potential. Whether you choose to enhance the existing structure or explore future expansion, 6007-11 New Jersey Ave offers an incredible canvas to create an impressive real estate portfolio. Don't miss out on this exceptional investment opportunity. Schedule your private viewing today and unlock the endless possibilities that await at 6007-11 New Jersey Ave, Wildwood Crest.

This listing is provided courtesy of COMPASS RE - Ocean City