1505 Yacht Avenue

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1505 Yacht Avenue

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 asset located at 1505 Yacht Avenue in Cape May
  • Strategically positioned within a highly active coastal tourism market
  • The parcel provides significant potential for various commercial business ventures
  • Asset benefits from the established economic base of Cape May
  • Flexible land site suitable for custom retail or service developments

What's Special

This commercial land at 1505 Yacht Avenue in Cape May, New Jersey, presents a strategic acquisition for developers or business owners seeking a presence in a historic coastal market. Positioned within a popular destination, the property offers visibility and accessibility near regional thoroughfares that support seasonal tourism and a year-round local economy. The site provides a flexible foundation for diverse commercial ventures, potentially accommodating hospitality, retail, or professional service developments that align with current municipal zoning and long-term land-use planning. Investors benefit from the established character of the area, which maintains consistent demand from both residents and visitors. Whether targeting a boutique commercial project or a larger-scale service facility, this land parcel allows for customization in a high-demand submarket characterized by its maritime heritage and regional appeal. Interested parties should evaluate local site requirements to maximize the development potential of this well-situated asset.

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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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