421 E 8th Avenue

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421 E 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).

  • The site consists of vacant land located in North Wildwood.
  • This residential plot measures 0.08 acres in total size.
  • The property is situated at 421 E 8th Avenue.
  • North Wildwood serves as a notable coastal residential submarket.
  • Development potential exists for various types of residential housing.

What's Special

Developing a residential property at 421 E 8th Avenue offers a clear path toward establishing a presence in the North Wildwood market. This land parcel provides the physical footprint necessary for construction projects ranging from custom single-family homes to multi-unit residential structures. North Wildwood functions as a prominent coastal destination, attracting seasonal visitors and year-round residents who value proximity to the Atlantic shoreline and the regional recreation economy of the Jersey Shore. Local infrastructure supports residential expansion in this established neighborhood. Proximity to regional roadways ensures accessibility for future occupants traveling within the Cape May County area. Investors and developers have the opportunity to acquire this site for projects tailored to the current housing demands of the seaside submarket. With its strategic position in a well-trafficked corridor, the plot serves as a foundational asset for those looking to influence the local residential landscape through deliberate and efficient site planning.

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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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