237 48th Street

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237 48th 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).

  • Commercial land asset available for sale in Avalon, New Jersey.
  • Property situated at the coordinates 39.0849, -74.7334.
  • Strategic location within the active Atlantic coastal market.
  • Suitable for retail or hospitality focused commercial development projects.
  • Flexible site ideal for investors seeking ground-up construction projects.

What's Special

This commercial land parcel in Avalon, New Jersey, provides a development site for investors or business owners seeking to establish a presence in this coastal market. Situated in a region known for its strong seasonal tourism economy and consistent demographic interest, the property occupies a strategic location along the Atlantic coastline. The site serves as a foundation for various commercial ventures, allowing for tailored development plans aligned with local market needs. Its positioning supports operations that cater to both the local resident population and the significant influx of summer visitors common to this part of the Jersey Shore. Prospective buyers can leverage the accessibility of the Avalon submarket to build infrastructure suited for retail, hospitality, or service-based commercial enterprises. The tract offers flexibility for those looking to expand or enter a high-demand shoreline economy with limited inventory for ground-up commercial projects.

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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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