30-32 W 8th Street

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30-32 W 8th Street

Ocean City, NJ 08226
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 in Ocean City New Jersey
  • Prime development site at 30-32 W 8th Street
  • Situated within an established coastal residential community
  • Versatile land asset available for custom residential building
  • Opportunity for developers in the Cape May County market

What's Special

Ocean City remains a prominent destination within the southern New Jersey coastal market, attracting seasonal visitors and year-round residents to its barrier island environment. This residential land parcel situated at 30-32 W 8th Street provides a clear opening for developers or private buyers looking to establish a footprint in this established seaside community. The property is positioned to support a variety of residential projects that align with local development standards in this coastal setting. Investors familiar with the Cape May County region recognize the consistent demand for housing inventory near the shoreline. Acquiring this vacant land allows for the realization of custom residential designs tailored to the architectural character of Ocean City. Whether intended for a primary residence or a secondary vacation home, this site offers the essential physical foundation for development in a well-regarded municipal district known for its accessible beach amenities and community atmosphere.

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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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