173 38th Street

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173 38th Street

Avalon, NJ 08202
Asking Price
Contact for price
Asset Type
Commercial Land
Class
Class B

AI Property Summary

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

  • Located at 173 38th Street in Avalon, New Jersey.
  • This commercial land asset is available for sale.
  • The property is situated within a popular coastal submarket.
  • The site supports development for various retail or commercial uses.
  • Avalon features strong seasonal activity and regional economic stability.

What's Special

The commercial land at 173 38th Street in Avalon, New Jersey, presents a clear development prospect in this coastal submarket. Avalon serves as a prominent destination within the Jersey Shore region, characterized by seasonal tourism and a stable local economy. Given its commercial classification, this site is well-positioned for investors or business owners looking to establish a footprint in a highly frequented beachfront community. The plot offers the flexibility needed for various commercial applications, such as retail, service-oriented establishments, or professional offices that cater to the consistent influx of residents and vacationers. Access to major regional thoroughfares ensures connectivity to the broader Cape May County area, supporting both local patronage and visitors. Prospective buyers will find this land capable of accommodating projects that align with the specific commercial requirements of this coastal zone. The property provides a platform for development in a established market where commercial frontage remains a valuable asset for long-term operational growth.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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