UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 3,828 sqft
Price per Sqft $247
Subdivision West Wildwood
MLS Listing ID NJCM2008394
Style Other
Bedrooms 8
Full Baths 4
HOA Y/N N
Abv Grd Liv Area 3,828
Year Built 1960
Annual Tax Amount $8,657
Tax Year 2026
Lot Size 4,818 Sqft
Acres 0.11
Lot Dimensions 56 x 86
Property Sub-Type Detached
Source BRIGHT
Property Description
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, 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.
Location
State NJ
County Cape May
Area West Wildwood Boro (20513)
Zoning T-C
Direction East
Rooms
Main Level Bedrooms 5
Interior
Interior Features Attic, Bathroom - Tub Shower, Ceiling Fan(s)
Hot Water Electric
Heating Baseboard - Electric
Cooling Central A/C, Window Unit(s)
Equipment Built-In Microwave, Dishwasher, Dryer - Electric, Microwave, Oven/Range - Electric, Refrigerator, Washer, Water Heater
Furnishings No
Fireplace N
Appliance Built-In Microwave, Dishwasher, Dryer - Electric, Microwave, Oven/Range - Electric, Refrigerator, Washer, Water Heater
Heat Source Electric
Exterior
Garage Spaces 3.0
Utilities Available Cable TV, Electric Available, Natural Gas Available, Sewer Available, Water Available
Water Access N
View Bay, Water
Accessibility None
Total Parking Spaces 3
Garage N
Private Pool No
Building
Lot Description Corner
Story 2
Foundation Block, Crawl Space
Above Ground Finished SqFt 3828
Sewer Public Sewer
Water Public
Architectural Style Other
Level or Stories 2
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Wildwood City Schools
Others
Pets Allowed Y
Senior Community No
Tax ID 13-00140-00019
Ownership Fee Simple
SqFt Source 3828
Acceptable Financing Cash, Conventional, Private
Horse Property N
Listing Terms Cash, Conventional, Private
Financing Cash,Conventional,Private
Special Listing Condition Standard
Pets Allowed No Pet Restrictions
NEARBY SCHOOLS & PROPERTIES
GET MORE INFORMATION