57 Corsons Tavern Road

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57 Corsons Tavern Road

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).

  • Vacant residential land parcel available in Ocean View, New Jersey.
  • Property is listed for sale at an asking price of $225,000.
  • Strategically situated within the quiet landscape of Cape May County.
  • Ideal location for the development of a custom residential home.
  • Positioned with coordinates 39.2031, -74.7136 for precise identification.
  • Provides access to local amenities throughout the surrounding coastal region.

What's Special

Building a custom residential home is the primary use for this vacant land parcel located at 57 Corsons Tavern Road in Ocean View, New Jersey. This site provides a clean slate for developers or individuals looking to establish a presence within this coastal region of Cape May County. The local market benefits from proximity to the Jersey Shore, attracting both year-round residents and seasonal visitors seeking a quieter environment compared to nearby resort hubs. Connectivity throughout the area is supported by regional roadways, allowing for manageable commutes to local services and commercial centers. Investing in this property allows for the development of a tailored residential project in a growing submarket. The layout and sizing of the land facilitate various architectural approaches suitable for the neighborhood context. As residential demand persists in Ocean View, this plot offers a foundational asset for those looking to expand their real estate portfolio in southern New Jersey.

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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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