1000 Steel Road

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1000 Steel Road

Cape May Court House, NJ 08210
Asking Price
Contact for price
Asset Type
Commercial Land
Class
Class B

AI Property Summary

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

  • Large 5.66-acre site available for commercial development.
  • Located at 1000 Steel Road in Cape May Court House.
  • Versatile land parcel suitable for diverse commercial projects.
  • Property situated in a stable and growing New Jersey market.
  • Strategically positioned to accommodate new construction or business expansion.

What's Special

Spanning 5.66 acres, this commercial land parcel sits at 1000 Steel Road in Cape May Court House, New Jersey. The property provides a significant footprint for development within a region that balances seasonal tourism with a consistent year-round local population. As an undeveloped tract, the site supports various commercial configurations suited to the growing economic needs of the Cape May County area. Its size and accessibility make it a practical choice for investors or businesses seeking to establish a foothold in this established South Jersey submarket. Developers might consider retail, professional office, or service-oriented projects given the flexibility of the land and its proximity to primary transit arteries. The site serves as a blank canvas for entities looking to capitalize on the sustained development momentum defining the broader Cape May Court House corridor.

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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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