409 Elmira Street

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409 Elmira 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 located in Cape May, New Jersey
  • Strategically positioned site within a established coastal market
  • Versatile asset suitable for various commercial development projects
  • Located at 409 Elmira Street with 38.9349, -74.9227 coordinates
  • Area economy supported by consistent tourism and visitor traffic

What's Special

Development of a commercial project at 409 Elmira Street in Cape May, New Jersey, benefits from a location in a historically significant coastal destination. This commercial land parcel provides a versatile foundation for investors looking to establish a footprint in a market known for its tourism-driven economy and steady seasonal visitor traffic. The property is situated within a well-traveled part of the city, offering accessibility for businesses that cater to both local residents and summer vacationers. Cape May serves as a primary hub for commerce in the region, supported by consistent demographic interest in recreational and retail services. This site accommodates various commercial use cases, including retail storefronts, professional offices, or hospitality-related improvements, depending on local development guidelines. Buyers looking to execute a new build in this reputable submarket will find this parcel positioned to leverage the area's ongoing economic vitality and established commercial infrastructure.

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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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