315 Ocean Street

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315 Ocean 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.
  • Located at 315 Ocean Street with coordinates 38.9340, -74.9211.
  • Property situated in a key Southern New Jersey coastal market.
  • Suitable for commercial development projects including retail or hospitality.
  • The site occupies a prominent position in the 08204 zip code.

What's Special

315 Ocean Street provides a commercial land parcel situated in Cape May, New Jersey. This site benefits from its position within a coastal market known for steady seasonal tourism and year-round economic activity. The area serves as a primary destination in the region, drawing significant visitors due to its historic charm and accessibility along the southern New Jersey coastline. Investors and developers often look to this submarket for projects that cater to the local tourism industry or support neighborhood service requirements. Potential uses for this commercial-zoned land include retail development, hospitality ventures, or other site-specific commercial operations that leverage the high visibility of an Ocean Street address. The property offers a foundational opportunity for those looking to expand their footprint within a well-established seaside community that maintains consistent demand for quality commercial improvements.

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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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