108 North Indiana Avenue

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108 North Indiana Avenue

Atlantic City, NJ 08401
Asking Price
$27K
Asset Type
Residential Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Residential land parcel spanning 1,500 square feet total.
  • Property is situated in the Atlantic City Central Business District.
  • Located at 108 North Indiana Avenue in New Jersey.
  • The site benefits from high traffic in a dense area.
  • Available for purchase with an asking price of $27,000.

What's Special

Atlantic City serves as a prominent coastal hub within the South Jersey region, characterized by its steady tourism industry and dense urban infrastructure. This 1,500-square-foot residential land parcel at 108 North Indiana Avenue sits within the Central Business District, placing it in a well-trafficked corridor of the city. Given its CBD zoning, the property provides a functional footprint for residential development in a high-density area. Local investors and builders can leverage the site's placement to contribute to the ongoing growth of the Atlantic City market. The central location offers proximity to regional transit arteries and essential urban services, making it a viable candidate for various residential configurations permitted under current land use regulations. This asset represents a straightforward acquisition for those looking to secure developable land in a established metropolitan zone.

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NOI
$80,000
Cap Rate
296.30%
DSCR
49.91
Strong
Cash-on-Cash
967.86%
Monthly Payment
$133.581
Annual Cash Flow
$78,397.025

Location & Travel Times