55 Corsons Tavern Rd

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55 Corsons Tavern Rd

Ocean View, NJ 08230
Asking Price
$225K
Asset Type
Residential Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Residential land parcel totaling 1.01 acres for sale.
  • Located in Ocean View, New Jersey, within Cape May County.
  • Asking price for this property is 225000 dollars.
  • Site dimensions are suited for single-family residential development projects.
  • The property location is situated at 55 Corsons Tavern Road.

What's Special

Ocean View, New Jersey, serves as a quiet coastal community within Cape May County, offering proximity to regional beaches and established local amenities. This residential land parcel encompasses 1.01 acres of developable space, providing a clean slate for construction projects in this serene part of the state. The site is positioned to accommodate a single-family home or a custom residential build, benefiting from the relaxed pace of life characteristic of southern New Jersey. Prospective buyers looking to secure a foothold in this growing market will find the lot dimensions suitable for a variety of residential site plans. The area features straightforward access to nearby corridors, connecting residents to the broader shoreline economy and larger employment hubs throughout the county. Whether utilized for a private primary residence or a regional retreat, this property offers sufficient scale and utility for planned development in a well-regarded submarket.

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NOI
$80,000
Cap Rate
35.56%
DSCR
5.99
Strong
Cash-on-Cash
98.73%
Monthly Payment
$1,113.177
Annual Cash Flow
$66,641.873

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