308 E 1st Avenue

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308 E 1st 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 available for sale in North Wildwood
  • Located at 308 E 1st Avenue in the 08260 zip code
  • Site dimensions are situated within an established residential zoning area
  • Coastal property benefiting from regional New Jersey shore tourism
  • Suitable for residential development projects in a prime beach location

What's Special

North Wildwood serves as a prominent coastal destination in New Jersey, known for its vibrant seasonal economy and proximity to expansive sandy beaches. This land parcel sits at 308 E 1st Avenue within a residential submarket, offering proximity to established municipal infrastructure and local commerce. The region attracts a steady flow of summer tourism and maintains a year-round community base along the Atlantic coastline. Given the residential zoning classification, this site represents a clear candidate for new construction or development projects tailored to the housing needs of this shore-based market. Prospective buyers may consider the potential for single-family or multi-family residential structures that align with the established character of the neighborhood. The property provides a blank canvas for investors or builders looking to secure a foothold in a popular coastal zip code.

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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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