319 62nd Street

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319 62nd Street

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 sale in Avalon, New Jersey.
  • Property is situated at 319 62nd Street in the 08202 zip code.
  • Located within an established residential and coastal vacation market.
  • Asset provides an opportunity for custom single-family home development.
  • Coordinates placed at 39.0769 latitude and -74.7428 longitude.

What's Special

Avalon maintains its reputation as a premier coastal destination within Cape May County, drawing residents who value high-end shore living and proximity to the Atlantic Ocean. This residential land parcel at 319 62nd Street sits within this established market, benefiting from the seasonal activity and long-term appreciation trends common to barrier island communities. The surrounding area features a mix of high-density residential dwellings and vacation homes, reflecting the typical development patterns of this segment of the New Jersey coastline. Investors and builders looking for a footprint in the local housing market may consider the potential for custom single-family construction. Given the property's size and location, it serves as a blank canvas for residential development aimed at primary homeowners or the vacation rental sector. Access to major transit routes connects this site to the broader South Jersey region, supporting ongoing interest in residential real estate across the island.

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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

Location & Travel Times