206 Princeton Avenue

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206 Princeton 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 available for sale in Cape May Point.
  • Property address is situated at 206 Princeton Avenue, New Jersey.
  • The site features a commercial sub-type designation for development.
  • Located within a popular coastal New Jersey tourism market region.
  • Ideal for boutique retail or professional office use cases.

What's Special

This commercial land parcel sits at 206 Princeton Avenue in the scenic community of Cape May Point, New Jersey. The site offers a strategic location within a well-regarded coastal market known for its seasonal tourism and steady regional appeal. As a versatile piece of commercial-zoned ground, this property provides a foundation for development projects ranging from boutique retail establishments to professional office space or service-oriented businesses. Cape May Point maintains a unique demographic profile, benefiting from its reputation as a destination for visitors and permanent residents alike. The surrounding area supports a variety of small-scale commercial activities, making this an appropriate selection for an investor or developer looking to establish a footprint in this historic beachside enclave. With its position in a stable local economy, the property represents a functional asset for those seeking to capitalize on the region’s established commercial demand and specific zoning allowances.

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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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