206 W Pacific Avenue

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206 W Pacific 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).

  • Development site measuring 0.74 acres for sale.
  • Property is classified as residential land.
  • Located in the town of Cape May Court House.
  • Positioned in an established residential neighborhood in New Jersey.
  • Asset provides potential for custom home construction projects.

What's Special

Cape May Court House serves as the administrative center for Cape May County, acting as a vital hub within this growing coastal region of New Jersey. The submarket benefits from its strategic position near major thoroughfares and proximity to the Atlantic shoreline, drawing consistent interest from those looking to establish a foothold in the local community. This parcel of land offers 0.74 acres available for development in a quiet residential setting. Given the characteristics of the site, it is well-suited for a single-family home or residential investment project that takes advantage of the established neighborhood infrastructure. Prospective buyers can explore various development strategies that align with the area's residential character and local zoning requirements.

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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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