408 E Pacific

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408 E Pacific

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 parcel spanning 4.13 acres available for purchase
  • Located in the Cape May Court House submarket of New Jersey
  • Positioned for flexible residential development and subdivision potential
  • Strategically situated within an established suburban coastal community
  • Property dimensions support a range of residential project configurations

What's Special

Developing residential housing on this 4.13-acre site in Cape May Court House provides a strategic entry into a stable southern New Jersey submarket. This land parcel offers significant scale for residential project planning, catering to the growing demand for housing in this coastal region. The property maintains proximity to local infrastructure and regional thoroughfares, ensuring accessibility for future residents while remaining positioned within a community known for its balanced suburban atmosphere and proximity to shore points. Given the size of the tract, the site serves as a functional foundation for various residential layouts, ranging from single-family home subdivisions to multi-unit configurations, subject to local municipal planning and zoning guidelines. Investors and developers will find the expanse of the acreage suitable for long-term residential land banking or immediate project execution within this established Cape May County corridor.

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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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