243 Ludlam Drive

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243 Ludlam Drive

Erma, 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 243 Ludlam Drive in Erma
  • Asset is situated within the 08204 ZIP code of New Jersey
  • Site supports diverse commercial development and business expansion potential
  • Property is currently available for sale to investors or owner-occupiers
  • Regional connectivity provides access to major Cape May County thoroughfares

What's Special

Development of this commercial land parcel at 243 Ludlam Drive in Erma, New Jersey, presents a functional entry point for business expansion within this growing suburban market. The site is positioned to accommodate various commercial improvements suited to the local demographics and current area economic drivers. Its strategic location within Cape May County allows for convenient access to regional traffic arteries, facilitating logistics and customer-facing operations alike. Investors and owner-occupiers will find the site capable of supporting a range of commercial use cases, given the specific zoning potential of the submarket. The surrounding environment maintains a stable balance of residential and commercial activity, characteristic of the Jersey Shore region. With consistent demand for space, this property serves as a viable foundation for a new construction project or long-term asset holding strategy. Prospective buyers should evaluate the site's utility against their specific business requirements to capitalize on the ongoing development trends within the 08204 ZIP code.

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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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