2158 Ocean Drive

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2158 Ocean Drive

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

AI Property Summary

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

  • Development site located at 2158 Ocean Drive in Avalon.
  • Parcel is classified as residential land for future development.
  • Property sits within the desirable Seven Mile Island corridor.
  • Strategic coastal location suitable for custom residential construction.
  • Provides immediate access to local beaches and regional amenities.

What's Special

Avalon serves as a premier coastal destination in New Jersey, characterized by its upscale residential atmosphere and sustained appeal for shore-area property owners. This parcel of land, situated at 2158 Ocean Drive, represents a cleared opportunity for development within one of the region's most sought-after barrier island communities. The site is positioned to take advantage of the local lifestyle, offering proximity to expansive beaches and the established commercial amenities that define the Seven Mile Island experience. Residential development on this lot provides flexibility for those looking to construct a custom coastal home or a high-end investment property in a market where demand for premium housing remains consistent. The location benefits from a well-regarded municipal environment and strong seasonal demand, making it a functional choice for builders or private buyers seeking to establish a foothold in a stable residential corridor. Its placement along a primary thoroughfare ensures accessibility while maintaining the privacy and aesthetic appeal expected of an Avalon address.

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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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