645 W Spruce Avenue

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645 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 acquisition in North Wildwood
  • Strategically positioned site located at 645 W Spruce Avenue
  • Ideal for retail or professional business development projects
  • Located within a consistent and active New Jersey coastal market
  • Asset provides significant flexibility for diverse commercial use cases

What's Special

Development of this commercial land parcel at 645 W Spruce Avenue in North Wildwood, New Jersey, presents a clear path for business expansion or investment in a prominent coastal market. Situated within a region defined by its strong seasonal tourism economy and consistent regional growth, the site provides substantial potential for various commercial projects. Investors and developers will recognize the strategic utility of this asset as it offers a blank canvas for ventures seeking to serve both the local population and visitors to the Jersey Shore. The property is well-positioned for retail, service-oriented businesses, or specialized commercial facilities that require visibility in a well-trafficked community. The surrounding infrastructure supports diverse commercial operations, making this an actionable acquisition for those looking to capitalize on the enduring appeal of the North Wildwood area. The site is prepared for stakeholders who are ready to leverage the unique market dynamics of this New Jersey submarket to advance their portfolio goals.

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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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