306 76th Street

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306 76th Street

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

AI Property Summary

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

  • Located at 306 76th Street in Avalon, New Jersey.
  • This asset is a parcel of land available for sale.
  • Avalon serves as a prominent coastal market in Cape May County.
  • The property provides potential for custom residential or investment development.
  • Geographic coordinates for the site are 39.0675, -74.7506.

What's Special

Avalon maintains its reputation as a premier coastal destination in New Jersey, characterized by a steady influx of seasonal residents and a robust local economy driven by tourism and residential real estate. This parcel of land located at 306 76th Street sits within this sought-after borough, offering a blank canvas for development in a highly established beach community. Its position provides straightforward access to regional thoroughfares, ensuring that the property remains connected to the broader Cape May County area. Prospective buyers looking for development potential may consider the site for high-end residential projects or coastal investment assets. Given the density and character of the surrounding neighborhoods, this land presents a strategic acquisition for those seeking to establish a footprint in a resilient shoreline market. Whether for individual custom residential development or broader investment purposes, the lot offers a practical opportunity to secure physical real estate in a supply-constrained coastal submarket.

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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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