500 Sycamore Road

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500 Sycamore Road

North Cape May, 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 500 Sycamore Road
  • Prime site for new residential construction development
  • Situated in the growing North Cape May market
  • Parcel provides significant potential for various housing configurations
  • Well-positioned to serve the regional coastal economy

What's Special

Developing residential housing in North Cape May offers a strategic entry point into this growing coastal region. This land parcel situated at 500 Sycamore Road provides the foundational space necessary for construction projects ranging from custom single-family residences to multi-unit dwelling layouts. North Cape May benefits from consistent demand for housing driven by its proximity to the Delaware Bay and the regional economic hub of Cape May County. The site sits within a established residential corridor, providing immediate access to local infrastructure and utility connections required for new building initiatives. Investors and builders will find the location conducive to projects aiming to serve both year-round residents and the seasonal tourism market characteristic of the Jersey Shore. This property represents a clear opportunity for those seeking to capitalize on the ongoing demand for residential inventory in a well-connected suburban environment.

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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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