112 W Stites Avenue

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112 W Stites 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 for sale at 112 W Stites Avenue.
  • Located within the Cape May Court House community in New Jersey.
  • Property is designated as residential land with development potential.
  • Geographic coordinates for the site are 39.0819 and -74.8279.
  • Suitable for residential construction projects in a growing coastal market.

What's Special

This residential land parcel at 112 W Stites Avenue presents an development opportunity in Cape May Court House, New Jersey. Situated within a growing region of the state, the property offers a clean slate for residential construction. The location provides access to the municipal infrastructure and neighborhood services typical of this coastal submarket. Proximity to regional thoroughfares allows for convenient travel throughout the Cape May peninsula, serving as a balance between residential seclusion and accessibility to larger commercial hubs. Given the current zoning and land classification, this site is well-suited for single-family development or similar residential projects aimed at local residents or seasonal occupants. Investors and builders will find the site coordinates of 39.0819, -74.8279 to be an accessible location for new residential inventory in an area characterized by steady demand for housing. The parcel remains ready for planning and development efforts tailored to the existing residential character of the surrounding community.

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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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