109 Schoolhouse Lane

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109 Schoolhouse Lane

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 at 109 Schoolhouse Lane.
  • Property situated in the Cape May Court House market.
  • Vacant land zoned for potential residential housing development projects.
  • Strategic site access via primary southern New Jersey roadways.
  • Parcel serves the growing residential needs of Cape May County.

What's Special

This residential land parcel is positioned at 109 Schoolhouse Lane in Cape May Court House, New Jersey. Situated within Cape May County, the site benefits from the regional accessibility provided by major thoroughfares like the Garden State Parkway. The surrounding area supports a mix of permanent residential development and seasonal coastal activity typical of the Jersey Shore region, offering a balance of suburban tranquility and proximity to southern New Jersey employment centers. Developers and individual builders can utilize this site for custom home construction or residential investment projects tailored to the local housing market needs. The property provides a blank slate for those looking to establish a footprint in this established coastal community. With its specific location, the lot offers potential for various residential housing models compatible with existing neighborhood zoning and character. This parcel represents a strategic acquisition for parties focused on the Cape May Court House submarket.

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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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