9 42nd Street

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9 42nd Street

Sea Isle City, NJ 08243
Asking Price
$3.00M
Asset Type
Commercial Land
Class
Class B

AI Property Summary

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

  • Commercial land parcel available for acquisition in Sea Isle City.
  • Strategic location situated at 9 42nd Street, New Jersey.
  • The property is currently listed at an asking price of $2,995,000.
  • Well-positioned site suitable for diverse commercial development and investment projects.
  • The region benefits from consistent seasonal traffic and tourism activity.

What's Special

This commercial land acquisition in Sea Isle City, New Jersey, presents a strategic opportunity for developers or investors seeking a presence in a high-demand coastal market. Situated at 9 42nd Street, the site is positioned to benefit from the consistent seasonal activity and growing interest in this established barrier island community. The geography of the region supports a robust tourism-based economy, making the property well-suited for a range of commercial development projects tailored to both visitors and year-round residents. Buyers can capitalize on the location within a popular vacation destination, where land availability remains a key factor for future growth. The site’s footprint allows for significant flexibility, enabling potential use cases that align with the specific commercial zoning requirements of the municipality. With a listing price of $2,995,000, this asset represents a functional stake in a prime coastal corridor along the Atlantic seaboard.

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NOI
$80,000
Cap Rate
2.67%
DSCR
0.45
Underwater
Cash-on-Cash
-10.89%
Monthly Payment
$14,817.626
Annual Cash Flow
$-97,811.51

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