5 Mimosa Drive

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5 Mimosa Drive

Rio Grande, NJ 08242
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 in Rio Grande, New Jersey.
  • Property is available for sale in Cape May County.
  • Site coordinates are positioned at 39.0204, -74.8926.
  • Strategic location serves the regional population and seasonal tourism.
  • Flexible land use suitable for retail or office development.

What's Special

The commercial land at 5 Mimosa Drive in Rio Grande, New Jersey, presents a strategic acquisition for investors or developers looking to establish a footprint in this growing Cape May County market. Situated at coordinates 39.0204, -74.8926, the site sits within a region characterized by consistent seasonal tourism and a steady year-round population. This commercial land offers flexibility for a variety of project types tailored to the demands of the local economy. The parcel provides sufficient space for businesses looking to capitalize on high-traffic corridors and the proximity to major regional thoroughfares that facilitate access across the peninsula. Given the regional demand for commercial space, this tract is well-positioned for retail, service-oriented business, or professional office development. Its placement in Rio Grande ensures visibility and accessibility for both local residents and visitors traversing this part of the state, making it a viable candidate for diverse commercial ventures seeking a presence in a stable coastal environment.

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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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