937 B Myrna Road

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937 B Myrna Road

Erma, NJ 08204
Asking Price
Contact for price
Asset Type
Residential Land
Class
Class B

AI Property Summary

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

  • Residential land parcel located at 937 B Myrna Road in Erma.
  • Property situated within the scenic Cape May County region of New Jersey.
  • Asset provides potential for custom residential or single-family development projects.
  • Location offers accessible routes throughout the southern New Jersey peninsula.
  • Zoning accommodates residential use in a growing coastal community setting.

What's Special

Residential land spanning 937 B Myrna Road presents a development opportunity in Erma, New Jersey. This parcel sits within a quiet coastal community in Cape May County, situated between the Delaware Bay and the Atlantic Ocean. The location benefits from the steady regional growth characteristic of the Jersey Shore, providing residents with access to local amenities and proximity to established vacation destinations. Given the residential zoning and the nature of the surrounding neighborhood, the lot is suited for the construction of a single-family home or a custom residential project. Future owners will appreciate the proximity to major area thoroughfares that facilitate travel throughout the southern peninsula. This land offering serves as a blank canvas for investors or individuals seeking to build in a well-regarded suburban market that balances seasonal appeal with permanent living requirements.

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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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