202 Cambridge Avenue

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202 Cambridge Avenue

Cape May Point, NJ 08212
Asking Price
Contact for price
Asset Type
Commercial Land
Class
Class B

AI Property Summary

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

  • Commercial land parcel located at 202 Cambridge Avenue
  • Situated within the coastal community of Cape May Point
  • Designated for commercial use in a high-tourism area
  • Well-positioned to serve regional visitors and residents
  • Provides a strategic development site in Cape May County

What's Special

This commercial land parcel in Cape May Point sits at 202 Cambridge Avenue within a notable coastal region of New Jersey. Cape May Point functions as a unique destination known for its maritime history and natural landmarks, attracting a steady flow of seasonal tourism throughout the year. The site benefits from its proximity to established local infrastructure and the broader Cape May peninsula economy, which relies heavily on hospitality, retail, and regional tourism services. Given the commercial designation of the property, the land is well-suited for development projects targeting service-oriented businesses or specialized facilities that support the local visitor population. Developers and investors should evaluate the parcel based on its specific location within this quiet but highly sought-after community, which maintains a distinct character compared to more dense mainland municipalities. The tract provides a foundational asset for those looking to establish a footprint in one of the state's most recognizable coastal submarkets.

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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

Location & Travel Times