301 Ocean Avenue

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301 Ocean 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 located at 301 Ocean Avenue in Cape May Point.
  • Property coordinates are identified as 38.9355, -74.9661 for accurate site mapping.
  • This parcel offers a development opportunity for a custom residential housing project.
  • Situated in a quiet coastal region of southern New Jersey.
  • Available for purchase as a single residential development site.

What's Special

301 Ocean Avenue presents a residential land parcel situated in the coastal community of Cape May Point, New Jersey. This site benefits from its position in a well-established residential area known for its proximity to local shorelines and the natural environment of the southern New Jersey coast. Investors and developers have the opportunity to acquire a versatile asset located at coordinates 38.9355, -74.9661, suitable for the construction of a custom residential dwelling. The property serves as a blank canvas for those looking to establish a permanent residence or a seasonal home within this serene maritime setting. Cape May Point maintains a reputation for its quiet, scenic character, providing a distinct atmosphere for occupants. The land allows for various architectural possibilities that align with the regional aesthetic and local zoning requirements. Prospective buyers can capitalize on this available acreage to build in a destination characterized by its unique geographical location at the southern tip of the state.

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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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