725 W Spruce Avenue

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725 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 725 W Spruce Avenue.
  • Positioned within the active coastal community of North Wildwood.
  • Property supports versatile development for commercial service or retail projects.
  • Strategic location benefits from seasonal tourism and year-round population.
  • Prime opportunity for ground-up construction in a high-demand submarket.

What's Special

Development of this commercial land parcel at 725 W Spruce Avenue provides a strategic investment in the North Wildwood market. Situated in a popular coastal destination, the site supports various commercial use cases tailored to the seasonal and year-round economy of the Jersey Shore. Investors and developers can capitalize on the location to support local service needs or tourism-focused enterprises in a region characterized by its high summer visitor volume and stable coastal community. North Wildwood maintains a distinct identity within the Cape May County area, serving as a primary hub for commerce and recreation. This property is positioned to benefit from the area's ongoing appeal to both vacationers and residents. With the surrounding landscape supporting a mix of hospitality and retail businesses, this land is ready for ground-up construction aligned with current municipal requirements for the submarket.

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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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