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423 E Magnolia AvenueWildwood, NJ 08260

Commercial · 9,000 Sq. ft.
$975,000 ACTIVE

423 E Magnolia Avenue Overview

Time on Site:
81 days
Visits:
33

Spacious two-story commercial property just steps away from the water, boardwalk, piers, and countless attractions. Formerly home to one of Wildwood's most iconic restaurants, Groff's, the building has been fully gutted and cleaned, providing a blank canvas for a new owner's vision. Opportunities like this are rare, so schedule your showing today and make it yours!

Listing provided courtesy of eXp REALTY- MLS# 260921MLS Provider
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423 E Magnolia Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 9,000
  • Price/Sq.ft. $108

Details

General

School Information

  • School District: 12
  • High School: 4500

Listing Information

  • Bank Owned: No
  • Sale/Rent: For Sale

Building Information

  • New Construction: No

Location/Region

  • County Or Parish: 14-Wildwood City
  • LOCATION: Beach Block
  • MLS Area Major: Wildwood

Tax Information

  • Tax Annual Amount: $7,552.00
  • Tax Year: 2025

General Information

  • Property Sub Type: Other
  • Property Type: COMMERCIAL/INDUSTRIAL

Interior

General Information

  • Cooling: Other (See Remarks)
  • Heating: No Heating
  • Living Area: 9000
  • Stories: 2

Exterior

Lot Information

  • Number Of Buildings: 1
  • Water Source: Public

Building Exterior/Construction

  • Construction Materials: Other (See Remarks)

General Information

  • Sewer: Public

423 E Magnolia Avenue Neighborhood

Community

08260 (North Wildwood) Demographics

57
Median Age
506
Population Density (per sq. mile)
36%
College Educated
$55,551
Estimated Median Income
4,204
Estimated Total Home Owners
2,047
Estimated Total Renters
67% / 33%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

423 E Magnolia Avenue Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

423 E Magnolia Avenue Market Data

Based on the last 30 days in this zip code

$937,875
Average List Price
$569
Average Price per Square Foot
10
Properties Sold
118
Average Days on Market
62
Properties for Sale
Calculations provided by Reliance Network

423 E Magnolia Avenue History

Date Event Value Agent
6/15/2026Source: Cape May MLS Status Change
ACTIVE
6/15/2026Source: Cape May MLS Price Reduction
$975,000 -2.5%
6/15/2026Source: Cape May MLS Status Change
Price Change
4/26/2026Source: Cape May MLS Status Change
ACTIVE
4/26/2026Source: Cape May MLS Price Reduction
$1,000,000 -9.1%
4/26/2026Source: Cape May MLS Status Change
Price Change
4/9/2026Source: Cape May MLS Added to Database
April 09, 2026
9/30/2022Source: Cape May MLS Status Change
SOLD IN-HOUSE
6/20/2022Source: Cape May MLS Added to Database
December 26, 2021
4/7/2022Source: Cape May MLS Status Change
UNDER CONTRACT