290 Route 47 South

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290 Route 47 South

Cape May Court House, NJ 08210
Asking Price
$1.35M
Asset Type
Commercial Land
Class
Class B

AI Property Summary

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

  • Commercial land spanning 37.35 acres for sale
  • Located at 290 Route 47 South in Cape May Court House
  • Offered at an asking price of 1,349,000 dollars
  • Situated in a key southern New Jersey submarket
  • Features significant highway visibility and accessibility

What's Special

Cape May Court House serves as a vital hub within Cape May County, benefiting from steady regional traffic and proximity to coastal tourism corridors. This 37.35-acre commercial land parcel at 290 Route 47 South provides significant acreage for diverse development projects in a well-established submarket. The expansive site offers clear potential for commercial enterprise, retail expansion, or specialized site development requiring substantial footprints. Positioned along a key arterial route, the property maintains accessibility for logistical operations or consumer-facing businesses looking to establish a footprint in this growing southern New Jersey region. Investors and developers will find the scale of this tract useful for large-scale projects seeking strategic positioning in a high-visibility coastal market area. With its configuration and current zoning potential, this land represents a foundational asset for long-term commercial growth and infrastructure investment within the local municipality.

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NOI
$80,000
Cap Rate
5.93%
DSCR
1.00
Underwater
Cash-on-Cash
-0.02%
Monthly Payment
$6,674.116
Annual Cash Flow
$-89.392

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