727 W Spruce Avenue

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727 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).

  • Development site located at 727 W Spruce Avenue
  • Commercial land asset positioned in North Wildwood
  • Opportunity for diverse commercial project applications
  • Located within a prominent coastal New Jersey market
  • Strategic site for retail or hospitality ventures

What's Special

The commercial land at 727 W Spruce Avenue in North Wildwood, New Jersey, presents a development opportunity within the coastal region. This property serves as a blank canvas for investors looking to capitalize on the steady activity characteristic of this popular shore town. Given the site configuration and local submarket conditions, the lot is positioned to support a variety of commercial enterprise applications, depending on local development standards and project requirements. Proximity to regional thoroughfares allows for accessibility within the North Wildwood corridor, making the site a practical choice for developers focused on the unique demands of the beach-side hospitality or retail sectors. The surrounding area remains a hub for seasonal business operations and sustained tourism, providing a foundational environment for new construction projects. This asset represents a straightforward acquisition for those aiming to establish or expand a business footprint in a well-trafficked destination.

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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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