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 located at 645 W Spruce Avenue
  • Situated in the coastal city of North Wildwood
  • Asset occupies a prime spot within New Jersey
  • Property supports versatile commercial or hospitality development potential
  • Located in an active market with steady tourist traffic

What's Special

North Wildwood serves as a prominent coastal destination in New Jersey, drawing consistent seasonal traffic and supporting a robust tourism-based economy. This commercial land site at 645 W Spruce Avenue sits within the heart of this vibrant shoreline community. The geography of the region, characterized by its accessibility to Atlantic coast beaches and local recreational hubs, makes this parcel well-positioned for various development initiatives. Investors and business owners looking to establish a footprint in this active market will find the site offers practical utility for hospitality, retail, or service-oriented commercial projects. The area benefits from stable demand driven by summer visitors and a year-round local population, providing a reliable environment for new ventures. Prospective buyers can explore multiple architectural or land-use strategies suitable for this specific location within the borough.

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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