202 W 8th Avenue

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202 W 8th Avenue

North Wildwood, 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).

  • Residential land parcel located in North Wildwood New Jersey.
  • Property situated at the address 202 W 8th Avenue.
  • Strategic location within the established Cape May County market.
  • Land available for residential development and construction projects.
  • Coordinates placed at 39.0051 latitude and -74.8003 longitude.

What's Special

North Wildwood serves as a prominent coastal destination in New Jersey, drawing seasonal visitors and year-round residents to its accessible beachfront community. This residential land parcel situated at 202 W 8th Avenue offers a strategic footprint within this established shore market. The site provides a clean slate for developers or private buyers looking to capitalize on the regional demand for housing near the Atlantic coastline. Its location within a well-trafficked corridor of Cape May County supports various residential development configurations, depending on local ordinances and density requirements. The property is positioned to benefit from the ongoing interest in coastal property ownership and the consistent growth of the North Wildwood submarket. Investors and builders can utilize this site to construct high-quality living spaces tailored to the specific needs of the local housing market. This parcel represents a clear development path for residential projects within the heart of the borough.

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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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