1209 Lafayette Street

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1209 Lafayette Street

Cape May, NJ 08204
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
  • Situated at 1209 Lafayette Street in New Jersey
  • Versatile site suitable for diverse commercial development projects
  • Located within an active and well-trafficked coastal submarket
  • Strategically positioned to serve regional residents and tourist populations

What's Special

Development of a commercial project at 1209 Lafayette Street in Cape May, New Jersey, offers a strategic position within a popular coastal destination. This land parcel is suited for various commercial applications looking to establish a presence in the local market. Cape May maintains a steady regional economy driven by its status as a historic resort city, drawing significant seasonal and year-round visitors to the southern tip of the state. The site proximity to major local thoroughfares provides accessibility for both residents and tourists navigating the area. Investors and business owners evaluating this site will find a versatile canvas for site-specific improvements. The surrounding submarket is characterized by a mix of hospitality, retail, and service-oriented businesses that cater to the consistent influx of traffic in the Cape May region. As commercial development continues to evolve in the coastal municipality, this land provides a direct opportunity to secure a footprint in an established and highly recognizable market environment.

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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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