629 Route 50

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629 Route 50

Petersburg, NJ 08270
Asking Price
Contact for price
Asset Type
Commercial Land
Class
Class B

AI Property Summary

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

  • The property encompasses four acres of commercial land.
  • The site is located at 629 Route 50 in Petersburg, New Jersey.
  • This parcel is currently available for purchase by interested investors.
  • Its location provides direct access to primary regional transit corridors.
  • The land is positioned for versatile commercial or development use cases.

What's Special

Petersburg serves as a strategic point within Cape May County, offering accessibility to regional transit routes and surrounding coastal communities. This commercial land opportunity consists of four acres situated along Route 50, providing high visibility for potential operations. The site presents a functional footprint for investors or developers seeking to establish a foothold in a growing area of southern New Jersey. Given the scale and zoning potential of the parcel, it is well-suited for diverse commercial applications ranging from retail development to professional service centers or storage facilities. The property benefits from its proximity to primary transit corridors, facilitating ease of movement for local residents and seasonal visitors alike. As the local market continues to evolve, this parcel provides a blank canvas for projects requiring significant acreage and direct access to essential traffic arteries in a developing submarket.

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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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