107 Coral Avenue

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107 Coral Avenue

Cape May Point, NJ 08212
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 107 Coral Avenue
  • Located within the coastal community of Cape May Point
  • The property is currently listed for sale as land
  • Geographic coordinates are positioned at 38.9334 and -74.9643
  • Asset provides a site for custom residential development

What's Special

The parcel located at 107 Coral Avenue in Cape May Point spans an ideal location within this coastal New Jersey community. This residential land offering provides a foundation for custom development in a market known for its historic charm and proximity to the Atlantic shoreline. Buyers can capitalize on the quiet character of the area to construct a primary residence or a vacation home suited to the regional architectural vernacular. Cape May Point remains a destination for those seeking proximity to natural preserves and the Cape May Lighthouse, supporting stable demand for housing in this specific submarket. The site coordinates of 38.9334, -74.9643 place the property within a well-established residential corridor, offering accessibility to local beaches and regional transit routes. This vacant land presents a clear opportunity for private investors or builders looking to establish a footprint in a prominent southern New Jersey seaside town.

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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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