3365 First Avenue

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3365 First Avenue

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 parcel located at 3365 First Avenue in Avalon.
  • Property situated within the coastal landscape of Cape May County.
  • Site supports various commercial development and investment use cases.
  • Avalon serves as a primary destination for regional seasonal tourism.
  • Asset provides an opportunity for development in a New Jersey borough.

What's Special

This commercial land parcel spans the address at 3365 First Avenue in Avalon, New Jersey. The property provides a strategic footprint for developers and investors interested in the coastal market of Cape May County. Given its location in a popular shore community, the site is positioned to support a variety of commercial business operations that serve local residents and seasonal visitors. Avalon maintains a distinct identity within the region, characterized by its steady demand for commercial space and its role as a destination for regional tourism and vacationers. Prospective buyers can leverage this asset for retail, service-oriented, or mixed-use developments that align with the specific requirements of the local municipality. The lot offers a clear canvas for construction projects aiming to capitalize on the proximity to the waterfront and the ongoing economic activity inherent to this established New Jersey borough.

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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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