1300 Asbury Avenue

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1300 Asbury Avenue

Ocean City, NJ 08226
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 1300 Asbury Avenue in Ocean City.
  • Property situated within the established commercial corridor of New Jersey.
  • Development site suitable for diverse retail and commercial business use cases.
  • Benefits from consistent local foot traffic and regional tourism activity.
  • Strategic location within the primary business district of Ocean City.

What's Special

This commercial land parcel sits at 1300 Asbury Avenue in Ocean City, New Jersey. Positioned within a well-established coastal municipality, the site benefits from the consistent seasonal activity and year-round residential base characteristic of the Cape May County region. The location offers accessibility to local transit routes, serving as a viable foundation for various commercial development projects tailored to the unique economic landscape of this barrier island community. Developers and investors may consider this site for retail, service-oriented business, or mixed-use applications that align with local municipal planning standards. The property provides a blank slate for those seeking to establish a commercial presence in a high-demand resort market known for steady population fluctuations and local tourism traffic. With its strategic placement, the land supports a range of site layouts suitable for business owners or investors targeting the Ocean City 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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