509 Washington Street

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509 Washington 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 at 509 Washington Street.
  • Property is situated in the city of Cape May.
  • Strategic location within the active 08204 zip code.
  • Site supports diverse potential commercial or retail developments.
  • Positioned in a region with significant seasonal visitor traffic.

What's Special

This commercial land parcel occupies a position at 509 Washington Street in Cape May, New Jersey. The property provides a clear site for development within a coastal market recognized for its seasonal tourism and historic downtown district. As a key asset in a region that supports both residential and commercial interest, this location allows for various business operations designed to serve the local population and visitors alike. Investors and developers can utilize this space to establish a commercial presence in a city known for its architectural heritage and steady economic activity. Given the nature of this site, it is well-suited for professional offices, retail concepts, or services that benefit from consistent pedestrian traffic in the central district of this New Jersey shore town.

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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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