1509 Central Avenue

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1509 Central Avenue

North Wildwood, NJ 08260
Asking Price
Contact for price
Asset Type
Commercial Land
Class
Class B

AI Property Summary

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

  • Commercial land asset available for purchase in North Wildwood
  • Property is situated at 1509 Central Avenue in New Jersey
  • Site supports diverse development options for commercial business use
  • Located in an active coastal market with steady seasonal demand
  • Parcel benefits from frontage along the local Central Avenue corridor

What's Special

North Wildwood serves as a prominent coastal destination in New Jersey, drawing consistent seasonal traffic and supporting a local economy driven by tourism and residential activity. This commercial land site at 1509 Central Avenue provides an entry point into the region's active real estate market. The position along Central Avenue places the parcel within reach of local transit corridors and community infrastructure. Given the commercial classification, the property supports various potential development applications, ranging from retail storefronts to service-oriented business establishments that cater to both year-round residents and the influx of summer visitors. Its location within the 08260 zip code aligns it with the broader development patterns observed throughout the Cape May County coastal strip. Investors and business owners looking for a foothold in this established seaside market will find this parcel presents a functional foundation for new commercial projects tailored to the needs of the growing North Wildwood area.

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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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