317 Stites Avenue

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317 Stites 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 317 Stites Avenue
  • Property situated in the borough of Cape May Point
  • Asset located within the 08212 coastal ZIP code
  • Suitable for residential construction and development projects
  • Positioned in a well-established southern New Jersey market

What's Special

Situated at 317 Stites Avenue in Cape May Point, New Jersey, this residential land parcel presents a strategic acquisition for prospective buyers. The location benefits from the quiet, coastal atmosphere characteristic of this southern New Jersey borough, which serves as a notable destination for seasonal visitors and year-round residents alike. Access to the surrounding Cape May region ensures proximity to regional shore amenities and established community infrastructure. Investors and developers can evaluate this parcel for the construction of a custom residential project tailored to the coastal climate. The site’s positioning within the 08212 ZIP code allows for potential development that aligns with local architectural standards. As demand remains consistent for residential housing in this established shore community, this property offers a foundational asset for those seeking to build in a recognizable market.

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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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