2716 Bay Drive

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2716 Bay Drive

Cape May Beach, NJ 08251
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 situated at 2716 Bay Drive.
  • Located within the coastal market of Cape May Beach.
  • Property is currently offered for sale to investors.
  • Suitable for custom residential or vacation home construction.
  • Coordinates placed at 39.0061 latitude and -74.9511 longitude.

What's Special

The parcel at 2716 Bay Drive in Cape May Beach, New Jersey, presents a residential land development opportunity. This site offers proximity to the coastline, situated within a region known for its seasonal tourism and established residential communities. The location provides convenient access to local infrastructure and regional transportation routes serving the southern New Jersey shore area. Prospective buyers might consider this property for the construction of a custom single-family home or a small-scale residential project. The surrounding area maintains a consistent character, supporting demand for coastal housing and vacation properties. Investors and developers can evaluate the lot based on its specific dimensions and the prevailing zoning regulations applicable to this section of Cape May Beach.

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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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