1514 Velvento Avenue

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1514 Velvento 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 parcel located at 1514 Velvento Avenue in Cape May.
  • Strategic site positioned for future development in a tourism-driven economy.
  • Property offers potential for varied retail or commercial business use cases.
  • Access to established infrastructure supports efficient development planning and execution.
  • Located within the recognized real estate market of Cape May, New Jersey.

What's Special

This commercial land offering at 1514 Velvento Avenue encompasses a strategic parcel situated within Cape May, New Jersey. The property provides a blank canvas for development in a coastal market known for its consistent tourism and seasonal economic activity. With its prominent location in a region that balances historical preservation with steady commercial demand, this site presents a viable option for investors and developers looking to establish a footprint in the local area. Prospective buyers might consider a variety of commercial applications, ranging from retail storefronts to service-oriented business facilities that cater to both residents and visitors of the Cape May peninsula. The site's positioning allows for accessible development potential, benefiting from the area's established infrastructure and proximity to essential regional thoroughfares. Given the constraints of the local real estate landscape, this parcel offers a functional opportunity to implement a project tailored to the specific commercial needs of the Cape May submarket.

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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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