50 Walton Place

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50 Walton Place

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 available for sale in Ocean City
  • Situated at 50 Walton Place in the 08226 ZIP code
  • Prime development site for custom residential or multi-unit housing
  • Located within a consistent South Jersey coastal residential submarket
  • Positioned with coordinates 39.2805 latitude and -74.5826 longitude

What's Special

This residential land for sale at 50 Walton Place in Ocean City, New Jersey, presents a clear development opportunity for builders or private investors. Positioned within a well-established coastal community, the site sits in a region known for its seasonal tourism and steady demand for shore-based housing. Its location in Ocean City provides accessibility to regional transit routes and major metropolitan corridors throughout the state. The site is suitable for a variety of residential projects, ranging from single-family custom residences to potential multi-unit configurations, depending on local regulatory alignment. Ocean City remains a prominent submarket in South Jersey, defined by its Atlantic coastline and consistent appeal to both year-round residents and seasonal visitors seeking a beach-oriented lifestyle. Buyers interested in capitalizing on current development trends within the coastal housing sector will find this parcel a practical addition to their portfolio. Its proximity to key infrastructure ensures a streamlined process for future construction and site utility integration.

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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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