400 Shunpike Road

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400 Shunpike Road

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 asset located in Cape May Court House
  • Strategically positioned near major regional transportation corridors
  • Well-suited for new construction or residential development projects
  • Situated within the established Cape May County market
  • Flexible parcel for site planning and residential use

What's Special

Developing residential housing at 400 Shunpike Road offers a strategic entry point into the Cape May Court House market. This land parcel provides a foundation for new construction in a region known for its coastal climate and established residential community. Given the current submarket dynamics, the property is suited for single-family or multi-unit residential projects aimed at meeting the consistent demand for local housing inventory. Cape May Court House serves as a central hub for Cape May County, benefiting from regional connectivity via the Garden State Parkway and proximity to the Jersey Shore. Future occupants will find themselves positioned near essential services, regional retail centers, and professional facilities that support the year-round population. This land represents a functional addition to a developer's portfolio looking to expand in a prominent New Jersey municipality. The site layout provides flexibility for various site planning configurations, allowing for a tailored approach to local residential 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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