22 S Pelican Drive

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22 S Pelican 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 22 S Pelican Drive within Cape May County
  • Site coordinates are recorded as 39.0923 and -74.7395
  • Positioned in an established residential coastal submarket
  • Suitable for new residential construction and custom development projects

What's Special

The 22 S Pelican Drive site comprises a residential land parcel situated in the coastal community of Avalon, New Jersey. Positioned at coordinates 39.0923, -74.7395, this lot presents a clean slate for development within a desirable regional market known for its seasonal tourism and stable local economy. The surrounding area supports a mix of primary and vacation residences, making this an appropriate selection for builders or private owners looking to establish a footprint in this established Jersey Shore location. Developing this residential land allows for the creation of a custom property tailored to the specific demands of the local Avalon housing market. With land scarcity remaining a key factor in this barrier island environment, this site provides a functional footprint for single-family construction. Interested parties should conduct their own due diligence regarding local zoning requirements and utility connections to maximize the potential of this undeveloped asset.

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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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