108 W Atlantic Avenue

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108 W Atlantic Avenue

Cape May Court House, NJ 08210
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 located in Cape May Court House, New Jersey.
  • Property situated at 108 W Atlantic Avenue in the 08210 zip code.
  • Site supports development of residential use cases for local housing.
  • Land serves as a central location within the Cape May peninsula area.
  • Asset offers a development opportunity in a steady regional submarket.

What's Special

Residential land situated at 108 W Atlantic Avenue in Cape May Court House, New Jersey, presents a development opportunity in a coastal region. The property occupies a position within the Cape May County seat, characterized by its steady residential demand and proximity to regional transit arteries. This site offers potential for a single-family home or residential project tailored to the needs of the growing local population. Cape May Court House serves as a central hub for the surrounding peninsula, providing necessary infrastructure and proximity to major shore points. Investors and developers can utilize this parcel to address the ongoing need for housing inventory in this South Jersey submarket. The location benefits from a professional community environment and accessibility to broader regional amenities, making it a functional choice for residential construction.

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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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