731 W Spruce Avenue

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731 W Spruce 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).

  • Residential land parcel located at 731 W Spruce Avenue
  • Situated in the coastal city of North Wildwood
  • Suitable for residential development projects and potential construction
  • Positioned within the active Cape May County real estate market
  • Accessible location near regional beaches and municipal amenities

What's Special

731 W Spruce Avenue presents an opportunity to acquire residential land in North Wildwood, New Jersey. This parcel is positioned within a coastal community known for its seasonal tourism and proximity to regional beaches. Prospective buyers and developers may consider this site for the construction of a single-family residence or a multi-unit dwelling, depending on local municipal regulations and density requirements. The property is situated in a region that benefits from strong summer foot traffic and a steady year-round population base in Cape May County. Its location offers accessibility to coastal thoroughfares and the amenities common to North Wildwood residential neighborhoods. Given the scarcity of developable land in this high-demand market, this site provides a platform for residential development projects tailored to either permanent residents or the regional vacation market. Careful evaluation of local zoning ordinances is encouraged to determine the full buildable potential and architectural possibilities for the parcel.

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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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