1016 Batts Lane

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1016 Batts Lane

Lower Township, 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 available for sale in Lower Township
  • Situated at the address of 1016 Batts Lane, 08204
  • Property coordinates are located at 38.9608, -74.9298
  • Suitable site for custom residential construction and development
  • Located within the established and growing Cape May area

What's Special

This land for sale at 1016 Batts Lane in Lower Township presents a viable acquisition for residential developers or private investors seeking a foothold in this coastal New Jersey market. The property provides a clear site for custom construction, appealing to those looking to capitalize on the sustained demand for housing in the Cape May region. With its location in a growing suburban municipality, the lot is well-positioned for traditional single-family development or similar residential projects. Lower Township maintains a steady local economy driven by tourism, maritime industries, and its proximity to prominent regional attractions. Prospective buyers should note that the parcel offers functional potential for residential building within this established neighborhood. Whether for a ground-up development venture or a long-term land holding strategy, this property represents a straightforward entry into a key residential submarket.

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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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