224 Reading Avenue

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224 Reading Avenue

Cape May Court House, NJ 08210
Asking Price
Contact for price
Asset Type
Commercial Land
Class
Class B

AI Property Summary

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

  • Commercial land parcel located at 224 Reading Avenue
  • Positioned within the Cape May Court House market
  • Asset supports diverse commercial development and retail use
  • Property situated in a key regional service hub
  • Well-connected location within Cape May County, New Jersey

What's Special

This commercial land parcel occupies a position at 224 Reading Avenue in Cape May Court House, New Jersey. The property serves as a strategic acquisition for investors or developers seeking to establish a presence within this growing suburban market. Given its location in a central hub of Cape May County, the site provides accessibility to local infrastructure and regional thoroughfares, supporting various commercial applications. The parcel is suitable for ventures ranging from retail development to professional office projects designed to serve the expanding local population. The Cape May Court House area maintains a steady economic profile, benefiting from its proximity to coastal tourism corridors and year-round residential communities. Future occupants will find this site well-positioned to leverage the area's ongoing development activity and consumer demand. Prospective buyers have the opportunity to secure a versatile plot of ground in a recognized commercial corridor that remains a focal point for regional service providers.

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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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