226 E 16th Avenue

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226 E 16th 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 parcel located in North Wildwood, New Jersey.
  • Strategic site positioned at 226 E 16th Avenue.
  • Property supports versatile commercial development and business use cases.
  • Ideally located within a busy, established coastal tourism market.
  • Surrounded by the economic activity of Cape May County.

What's Special

Development of this commercial land parcel at 226 E 16th Avenue in North Wildwood provides a strategic entry point into the local coastal market. Situated within a high-traffic shore destination, the site supports various commercial use cases ranging from retail storefronts to service-oriented business models that cater to seasonal residents and permanent population bases. North Wildwood maintains a consistent demand for commercial services due to its status as a prominent tourism hub in Cape May County. The local economy relies heavily on summer visitors and an active hospitality sector, creating favorable conditions for property owners seeking to establish a business presence in a stable, established community. Investors and developers can leverage the positioning of this site to capture regional traffic while contributing to the ongoing commercial activity of the 16th Avenue corridor. The land offers flexibility for buyers looking to build a tailored facility that meets specific operational requirements in a well-traveled beach town 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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