3040 Route 9 S

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3040 Route 9 S

Rio Grande, NJ 08242-1022
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 3040 Route 9 S in Rio Grande.
  • Property situated within a key commercial corridor of Cape May County.
  • Strategic site well-suited for diverse retail or office development projects.
  • Positioned to serve a combination of seasonal visitors and local residents.
  • Accessible location near major thoroughfares in the southern New Jersey region.

What's Special

Rio Grande serves as a primary commercial hub within Cape May County, benefiting from high seasonal traffic and a consistent local population base along the Route 9 corridor. This commercial land parcel at 3040 Route 9 S offers developers and investors an opportunity to establish a presence in a region known for its strong tourism economy and year-round residential growth. The site is well-positioned for businesses looking to capitalize on the visibility provided by this major thoroughfare. Given the commercial zoning classification of this asset, the property is suitable for various development ventures including retail centers, professional offices, or service-oriented business facilities. Its location in this established corridor allows for efficient access to surrounding municipalities and coastal destinations. Prospective buyers can leverage the strategic positioning of this plot to serve both the visiting seasonal population and the established community residing in this section of New Jersey.

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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