309 N Railroad Avenue

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309 N Railroad Avenue

Rio Grande, NJ 08210
Asking Price
Contact for price
Asset Type
Residential Land
Class
Class B

AI Property Summary

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

  • Residential land parcel totaling 8.14 acres for sale
  • Located on North Railroad Avenue in Rio Grande New Jersey
  • Property dimensions support various residential development and housing use cases
  • Situated within the established and growing Cape May County region
  • Accessible location near regional transit routes and local infrastructure

What's Special

Rio Grande serves as a vital commercial and residential hub within Cape May County, providing essential accessibility to the surrounding coastal communities and major regional transit routes. This 8.14-acre parcel of residential land sits along North Railroad Avenue, positioning it within a corridor characterized by steady suburban development and proximity to local infrastructure. The expanse of the property offers significant potential for developers looking to undertake residential housing projects in a growing New Jersey market. Given the scale of the site and its classification, the land is suited for various density configurations, including single-family residential layouts or multi-unit housing developments, subject to local municipal planning and zoning guidelines. Investors and residential builders will find the site provides a clear canvas for construction in a well-connected submarket of South 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

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