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Former Steve’s Prince of Steaks – Wildwood corner restaurant property with duplex listed for $1.4M

  • Shore News Network
  • February 9, 2026
  • 11:26 am
Former Steves Prince of Steaks  Wildwood corner restaurant property with duplex listed for 4M

Wildwood, NJ – A prime corner property in the heart of Wildwood’s commercial corridor is on the market for $1.4 million, offering investors or owner-operators a flexible income-producing opportunity just blocks from the beach. Located at 2701 New Jersey Avenue, the 1,800-square-foot single-story retail building sits on a high-visibility intersection and includes both commercial and residential components.

Previously operated as a sandwich shop, the property features an outdoor seating area, attached garage, and ample storage—ideal for a small restaurant, café, or retail conversion. The building sits on 0.04 acres and includes off-street parking for five vehicles, a rarity in this densely developed section of Wildwood’s main business strip.

Adding to its value, the site includes a two-unit duplex behind the commercial space. One unit offers two bedrooms and one bath, while the second includes three bedrooms and one bath, both featuring covered front porches. The additional rental income from the residential units provides immediate revenue potential for an investor seeking a mixed-use property or supplemental income to offset operating costs.

Built in 1970 and renovated in 2008, the property is zoned C–Commercial and sits within an Opportunity Zone, giving buyers potential tax advantages for redevelopment or long-term investment. With its high daily traffic counts and strong visibility on New Jersey Avenue, the property is well-positioned for continued restaurant or retail use in one of the Shore’s busiest destinations.

Turnkey mixed-use opportunity in a growing resort market

The listing emphasizes the property’s versatility—suitable for an owner-user wanting to operate a food business while living onsite, or an investor interested in leasing both the restaurant and residential units separately. Its combination of location, parking, and zoning flexibility makes it one of the more adaptable small-footprint commercial properties currently available in Wildwood.

Key points:
• 2701 New Jersey Ave listed for $1.4 million with a 1,800-SF restaurant and duplex.
• Includes off-street parking, outdoor seating, garage, and storage on a corner lot.
• Located in a designated Opportunity Zone with both commercial and rental income potential.

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