120 E Schellenger Avenue Wildwood, NJ $ 1,375,000
120 E Schellenger Avenue
$ 1,375,000
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120 E Schellenger Avenue

Wildwood, NJ, 08260
$ 1,375,000
Bedrooms-- Baths-- Sq 3,360

Monthly Estimate*

$ 8,466

120 E Schellenger Avenue, Wildwood, NJ 08260 - Image 1
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Commercial Property for sale in Wildwood, NJ

for $1,375,000. This 3,360 square foot building was built in 1960 on a lot size of 0.09.

Exceptional Income-Producing Opportunity in the Heart of Wildwood! Welcome to 120 E Schellenger Ave, a rare and fully renovated 14-private-room seasonal rental property offering outstanding income potential in one of the Jersey Shores most desirable locations. Completely renovated in 2021, this turnkey asset delivers immediate cash flow with a strong and proven performance history. The property consists of 14 private rental rooms, 9 full bathrooms, two full kitchens, and a spacious common living room, all thoughtfully designed to support high-demand seasonal rentals. The layout maximizes occupancy and efficiency, making it ideal for investors seeking reliable and scalable income. The seller currently nets approximately $130,000 per season, demonstrating the propertys exceptional earning power. The property is also available for seasonal rent at $90,000, offering additional flexibility for operators or investors evaluating multiple revenue strategies. Located just a short walk to the beach, boardwalk, dining, nightlife, and everything Wildwood has to offer, this unbeatable walkability is a major driver of its consistent seasonal demand and long-term value. Whether youre looking to expand your investment portfolio or acquire a proven shore rental with strong cash flow, 120 E Schellenger Ave represents a rare opportunity to own a high-performing, fully renovated income property in the heart of Wildwood.

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Commercial Active

Price

$ 1,375,000

Property Type

Commercial

Taxes

$ 8,588

Style

Apartment Building,Bed and Breakfast

Lot Size

0.09

Year Built

1960

Town/City

Wildwood

County/Region

Cape May

MLS | Web ID

NJCM2006732

Features
Interior
Heating Fuel None
Flooring Carpet Ceramic Tile Luxury Vinyl Plank
Hot Water Natural Gas
Central Air Y/N N
Total Restrooms 9
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General
Sewer Public Sewer
Heating None
Cooling Window Unit(s)
Possession 0-30 Days CD 31-60 Days CD Settlement
Roof Pitched Asphalt Shingle
Zoning PARZ
Security Features Smoke Detector Exterior Cameras
Construction Materials Frame Vinyl Siding
Exclusions Personal Property
Year Built 1960
Property Subtype Five Or More Units
Tax Year 2025
Ownership Fee Simple
Cool Fuel Electric
Municipality WILDWOOD CITY
Business Type Apartment Building Bed and Breakfast
Accessibility 36 + wide Halls
County CAPE MAY
Net Operating Income 130000.00
New Construction N
Property Type Commercial Sale
Subdivision Name WILDWOOD CITY
Possible Use Apartment Building Bed & Breakfast Multi-Family Residential
Water Access Y/N N
Status ACTIVE
Directions gps
City WILDWOOD
Disclosures Prop Disclosure
Number Of Units Total 0
MLS Area Wildwood City (20514)
Lot Size Units Square Feet
Lot Size Square Feet 3999.00
Tax Annual Amount 8588.0
Property Condition Excellent Very Good
Price Per Sq Ft Total AG 409.23
Vacation Rental Y/N N
Location Type Downtown
Standard Status Active
Year Built Source Assessor
Tax Lot 00021
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Exterior
Parking Features Paved Parking Public Unassigned
Water Source Public
Inclusions All existing finishes and furnishings.
Type of Parking On Street
Foundation Details Slab
Water View Y/N N
Building Area Total 3360.00
Lot Dimensions 40.00 x 100.00
Lot Size Acres 0.09
Lot Size Source Assessor
Waterfront Y/N N
Door Features Insulated Six Panel
Land Assessed Value 97000.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 120
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* Excluded Features
List By
Keller Williams Realty - Washington Township

Broker

tomduffy@erols.com

Email

Affordability Calculator

$9,182
Per Month
92%
8%
0%
Monthly Principal & Interest
$8,466
Monthly Property Taxes
$716
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/10/2026$1,375,000 Listed Price

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120 E Schellenger Avenue, Wildwood, NJ, 08260 is a Commercial Property for sale at $1,375,000 with 3,360 sqft and a lot size of 0.09. 120 E Schellenger Avenue was built in 1960. The property's zip code is 08260 which is in Wildwood, NJ