122 Central Avenue

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122 Central Avenue

Cape May Court House, NJ 08210-2817
Asking Price
$150K
Asset Type
Residential Land
Class
Class B

AI Property Summary

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

  • Residential land parcel available for purchase in Cape May Court House.
  • Property is situated at 122 Central Avenue in New Jersey.
  • The asking price for the development site is 150000 dollars.
  • Located within a central hub of Cape May County geography.
  • The site supports potential residential construction projects for developers.

What's Special

Cape May Court House serves as a central hub within Cape May County, providing access to both the Delaware Bay and the Atlantic coastline. This residential land parcel located at 122 Central Avenue benefits from the steady economic environment of the South Jersey region, which attracts both year-round residents and seasonal visitors. The area is characterized by its accessible suburban layout and proximity to regional infrastructure, including the Garden State Parkway. Investors and developers can evaluate this lot for residential development projects suited to the local market. The parcel offers a straightforward land acquisition for builders looking to establish a footprint in this growing community. With its residential sub-type designation, the site provides a blank slate for housing construction tailored to the specific needs of the Cape May Court House demographic.

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NOI
$80,000
Cap Rate
53.33%
DSCR
8.98
Strong
Cash-on-Cash
157.99%
Monthly Payment
$742.118
Annual Cash Flow
$71,094.582

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