2169 Ocean Drive

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2169 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).

  • Residential land parcel available for acquisition in Avalon
  • Located at 2169 Ocean Drive within the 08202 zip code
  • Prime site for development projects along the New Jersey coast
  • Situated in a well-established barrier island residential community
  • Positioned near regional coastal access points and local amenities

What's Special

Avalon stands as a premier coastal destination in New Jersey, characterized by its steady demand for residential development and high-end shore living. This residential land parcel situated at 2169 Ocean Drive provides a distinct opportunity to establish a footprint within this sought-after beach community. The property benefits from its proximity to the Atlantic coastline and the regional infrastructure that serves the barrier islands of Cape May County. Investors and developers frequently seek sites in this submarket to capitalize on the sustained interest in luxury home construction and seasonal housing. Given the asset type and the surrounding residential density, this location is suited for the development of a custom coastal home or a long-term real estate holding. Prospective buyers will find this site positioned to support varied architectural projects tailored to the character of the surrounding Avalon streetscape.

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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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