320 E 16th Ave

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320 E 16th Ave

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).

  • Vacant residential land parcel located in North Wildwood, New Jersey.
  • Strategic site for developers focused on coastal residential construction projects.
  • Located within the desirable and active Cape May County region.
  • Property position offers excellent access to local Jersey Shore amenities.
  • Well-suited for custom residential development in a popular seaside destination.

What's Special

Residential development serves as the primary use for this vacant land parcel located at 320 E 16th Ave in North Wildwood, New Jersey. Situated along the Jersey Shore, the property benefits from the coastal economic activity and seasonal tourism typical of Cape May County. North Wildwood attracts a steady stream of summer visitors and year-round residents who value proximity to the beach and local maritime lifestyle. This site provides a clean slate for developers looking to capitalize on the sustained demand for housing in this well-established resort community. Future occupants will enjoy access to regional transportation corridors and the diverse recreation options synonymous with the Atlantic coastline. The land represents a strategic entry point for builders focused on creating custom residential projects within a popular vacation destination. Its position allows for seamless integration into the existing neighborhood fabric while catering to the lifestyle preferences of coastal homeowners.

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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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