923 Main Street

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923 Main Street

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 923 Main Street in Erma
  • Asset occupies a strategic position within the Cape May region
  • Suitable for a variety of commercial development and retail projects
  • Property benefits from access to major area transportation routes
  • Erma serves as a growing suburban market in southern New Jersey

What's Special

923 Main Street in Erma, New Jersey, presents a commercial land opportunity situated within the Cape May County region. This parcel provides potential for various commercial developments, aligning with the submarket’s growth as a key corridor connecting seasonal tourism hubs with year-round residential communities. The location benefits from access to regional thoroughfares, supporting connectivity across the southern New Jersey peninsula. Investors and developers can evaluate this site for projects tailored to local demand, ranging from retail services to professional office spaces or specialized commercial operations. The positioning within Erma offers utility for businesses seeking a presence in a growing suburban market that experiences increased traffic during peak months. Prospective buyers should conduct independent due diligence regarding site-specific zoning and utility connectivity to confirm the suitability for intended development projects.

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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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