Lisa Bruckner - Coldwell Banker Hearthside
1610 Boardwalk
North Wildwood, NJ 08260

$2,163,000

Description

There are several ways to look at this valuable Boardwalk property. As a turn key business there are 2 restaurants: 1 famous Pizzeria (Little Nicky's) and 1 equally famous Restaurant (Pompeo's). Established in 1976 these two well known eateries have multiple generations of repeat customers. This has added up to consistent cash flow year after year. There are over 180 seats between the two with 4200 sq ft. of ground floor storage and prep area plus a main kitchen of 1200 Sq. Ft. The parking lot is 30x100 and can accommodate over 10 cars. As a massive bonus the top floor owners quarters consists of a luxury 3480 Sq. Ft of Oceanfront 3 bedroom 2.5 bath living space, with a 720 Sq. Ft. outdoor deck which is partially covered. The views from the residence and the restaurant are amazing giving the property possibilities of top floor dining. The property also has the option of a Condominium Development with 8 direct oceanfront units plus 2 commercial Boardwalk level units. As a rental property the businesses and the residence would command high numbers as a serious third possible use for a buyer. Owners are retiring comfortably and want to pass along the torch to the next lucky owner.

Details

MLS#183392
StyleIndustrial
Sub-TypeResale
StatusActive
Year1964
Days On Site6

Features

Story(s)3
Units3
ZoningRH

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Area Information

StateNJ
CityNorth Wildwood
Zip Code08260
AreaNorth Wildwood
Listing VS Median (in 08260)
Price:
$2,163,000
low | high
Med:
$332,000
100% of Average
On Site:
6
low | high
Med:
32.5
18.461538461538% of Average
Listing Updated: 08/14/2018
MLS Number: 183392
Listing Provided By:
David Green  of  RE MAX At The Shore
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