Route 47 and Hand Avenue

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Route 47 and Hand 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).

  • Residential land parcel situated at Route 47 and Hand Avenue.
  • Located within the county seat of Cape May Court House.
  • Property coordinates are positioned at 39.1000, -74.8748.
  • Well-connected site suitable for residential development projects.
  • Serves the growing housing requirements of the regional market.

What's Special

This residential land parcel is positioned at the intersection of Route 47 and Hand Avenue in Cape May Court House, New Jersey. The property occupies a strategic location within the Cape May County seat, a region characterized by its coastal proximity and steady residential demand. Development of this site could serve various residential housing needs, benefiting from the accessibility provided by the primary local arterial roads. The surrounding submarket supports a blend of year-round residents and seasonal visitors, reflecting the broader economic activity of the Jersey Shore. Investors and developers will find this site suitable for projects aimed at enhancing the local housing inventory in a well-established community. Its position near major transit routes facilitates connectivity to neighboring towns and coastal destinations, making it a functional choice for residential site planning. The parcel represents a clear development prospect in an area known for its distinct regional character and stable population base.

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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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