6220 Ocean Drive

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6220 Ocean Drive

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 available for sale in Avalon, New Jersey.
  • Property is situated at the address 6220 Ocean Drive.
  • Strategic location offers access to the regional coastal business market.
  • Suitable for commercial development projects near the Atlantic coastline.
  • Well-positioned to serve both local residents and seasonal tourists.

What's Special

Development of a commercial project at 6220 Ocean Drive in Avalon provides a strategic position within a coastal New Jersey market. This land parcel serves as a versatile foundation for business owners or investors looking to establish a footprint in this highly seasonal yet affluent barrier island community. Given the local market demographics and the specific location along the Ocean Drive corridor, the site is well-suited for retail or service-oriented commercial operations that cater to year-round residents and the robust summer tourism population. Avalon maintains a distinct character defined by its coastal economy and sustained demand for well-located commercial space. Prospective developers can leverage this proximity to the Atlantic shoreline to execute a project tailored to the specific needs of the Avalon submarket. The site's physical footprint allows for a range of commercial configurations, providing an opportunity for significant impact in one of the region's most established seaside destinations.

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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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