8106 Bayview Drive

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8106 Bayview Drive

Lower Township, NJ 08260
Asking Price
Contact for price
Asset Type
Residential Land
Class
Class B

AI Property Summary

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

  • The parcel encompasses a total of 0.68 acres of land.
  • This residential development site is situated in Lower Township.
  • The property is currently available for purchase by interested investors.
  • Cape May County offers a steady demand for residential housing.
  • The site provides ample space for a single residential dwelling.

What's Special

Developing a residential property on this 0.68-acre site provides a strategic opportunity for construction in Lower Township. The parcel sits within a coastal region of New Jersey, benefiting from the area's established residential character and proximity to regional transit corridors. The land allows for the creation of a single-family dwelling or potential residential improvements consistent with local planning standards. Investors and builders often look to Lower Township for its steady demand for housing, as the municipality balances quiet community living with access to the broader Cape May County market. The expansive lot size offers flexibility for architectural design, landscaping, and private outdoor space, catering to occupants who prioritize proximity to the shoreline. With its straightforward layout and prime location, the property serves as a blank canvas for those seeking to capitalize on the ongoing demand for residential housing in this growing seaside destination.

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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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