605 E 8th Street Street

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605 E 8th Street Street

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 605 E 8th Street.
  • Property is situated within the coastal town of Ocean City.
  • Asset is categorized for commercial development and business use cases.
  • Strategic position serves both the local population and seasonal visitors.
  • Site offers potential for varied commercial or retail building applications.

What's Special

Ocean City remains a prominent coastal destination in New Jersey, attracting seasonal visitors and a consistent local population. This commercial land parcel at 605 E 8th Street presents a development opportunity within a established shore community. Given the high visibility and proximity to local thoroughfares, the site is well-suited for a variety of commercial business operations that serve both residents and vacationers. Potential use cases include retail centers, service-oriented establishments, or office space tailored to the unique economic rhythms of this barrier island municipality. Investors and developers can leverage the strategic positioning of this tract to address the specific market demands of the Cape May County area. The property provides a blank slate for those seeking to establish a long-term commercial presence in one of the state's most recognizable beach markets.

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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

Location & Travel Times