103 Sheridan Drive

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103 Sheridan Drive

Erma, NJ 08204
Asking Price
$175K
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Commercial land parcel located at 103 Sheridan Drive in Erma.
  • Property is currently offered for sale at a price of $175,000.
  • Strategically positioned within the growing Cape May County market area.
  • Suitable site for diverse commercial development and business use cases.
  • Coordinates placed at 39.0036 latitude and -74.9258 longitude for mapping.

What's Special

This commercial land parcel spans the address at 103 Sheridan Drive in Erma, New Jersey. Situated within a growing suburban area of the region, the site provides a blank canvas for development tailored to the needs of the local community. The property is well-positioned for investors or business owners looking to establish a new footprint in Cape May County. Its versatile zoning and location make it suitable for various commercial use cases, including professional office space, retail services, or specialized business operations requiring a strategic foothold in this corridor. The surrounding market benefits from steady traffic patterns and consistent demand for accessible commercial facilities. Developers and end-users can leverage this site to create a customized property that aligns with specific operational requirements. Whether planning a singular retail storefront or a multi-tenant commercial project, this parcel offers the foundational space necessary for growth and expansion within the Erma submarket.

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NOI
$80,000
Cap Rate
45.71%
DSCR
7.70
Strong
Cash-on-Cash
132.59%
Monthly Payment
$865.805
Annual Cash Flow
$69,610.346

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