722 Beach & Boadwalk Avenue

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722 Beach & Boadwalk 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 situated in the city of Cape May
  • Asset located at 722 Beach & Boadwalk Avenue
  • Property sits within the desirable 08204 zip code
  • Site supports diverse commercial development opportunities for investors
  • Located in a prominent coastal New Jersey tourism market

What's Special

Development of a commercial project is the primary opportunity for this land site located at 722 Beach & Boadwalk Avenue in Cape May, New Jersey. Situated in a coastal market, the property benefits from the high seasonal foot traffic and tourism-driven economy synonymous with the Cape May region. Investors and developers can explore various commercial applications suited for this proximity to the oceanfront boardwalk area. The site provides a footprint for businesses aiming to capitalize on the consistent influx of visitors seeking recreational and retail experiences in one of the state's most prominent seaside destinations. Local demand remains supported by the area's historical appeal and its status as a year-round coastal hub within the South Jersey shore market. This asset serves as a strategic acquisition for those seeking to establish a commercial presence in a high-visibility, transit-accessible beach location.

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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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