301-319 W Spruce Avenue

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301-319 W Spruce 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 available for sale in North Wildwood
  • Strategically located at 301-319 W Spruce Avenue
  • Site supports development projects for local and tourist markets
  • Positioned within a high-traffic regional coastal submarket
  • Provides significant development potential for commercial business use

What's Special

This commercial land parcel in North Wildwood, New Jersey, is available for sale and suits investors or developers seeking to establish a presence in this coastal market. Situated at 301-319 W Spruce Avenue, the site provides a footprint for various commercial projects within a community known for its seasonal tourism and steady regional population. North Wildwood serves as a key destination along the Jersey Shore, benefiting from proximity to established residential hubs and high-traffic summer activity. Potential development plans could capitalize on the area's demand for services and commercial infrastructure to support both local residents and visitors throughout the year. The property's location offers accessibility within the municipality, positioning it as a strategic acquisition for those looking to expand or diversify their portfolio in a prominent seaside submarket.

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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

Location & Travel Times