788 Academy Road

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788 Academy 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).

  • The site encompasses 0.36 acres of residential land.
  • Located at 788 Academy Road in North Cape May.
  • The property is positioned within a established coastal market.
  • Site coordinates are recorded at 38.9741, -74.9185.
  • Development potential exists for single-family residential construction projects.

What's Special

Spanning 0.36 acres, this residential land parcel at 788 Academy Road in North Cape May, New Jersey, presents a clear opportunity for development. The site is situated within a coastal region that experiences consistent interest from both seasonal residents and year-round homeowners looking for proximity to the Delaware Bay and local maritime amenities. Given the residential zoning, the property is well-suited for the construction of a single-family home or a modest residential project tailored to the needs of the Cape May peninsula market. The location offers straightforward access to the Cape May-Lewes Ferry terminal and regional roadways, connecting the community to broader southern New Jersey hubs. Investors and builders will find this site positioned in a market characterized by a blend of recreational appeal and residential growth. This parcel provides the foundational requirements for development in a established shore community, balancing accessibility with the demand for coastal living.

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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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