115 Taylor Avenue

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115 Taylor Avenue

Strathmere, NJ 08248
Asking Price
Contact for price
Asset Type
Residential Land
Class
Class B

AI Property Summary

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

  • Development site located at 115 Taylor Avenue in Strathmere, New Jersey.
  • Parcel is designated for residential land use applications.
  • Situated within the 08248 zip code on the South Jersey coast.
  • Positioned in a barrier island community near regional shore points.
  • Suitable for the construction of a new residential dwelling.

What's Special

Residential development at 115 Taylor Avenue presents an opportunity to construct a custom home in the coastal community of Strathmere, New Jersey. This land parcel is situated within a established residential corridor of the borough, which is recognized for its barrier island setting and proximity to regional beaches. Strathmere remains a popular choice for individuals seeking a quiet, seasonal or year-round coastal lifestyle within the broader South Jersey shore market. Prospective buyers can evaluate the site for the implementation of single-family housing plans that align with local residential development standards. The location offers accessibility to coastal amenities and the character of a shore town, providing a viable foundation for a new residential build. Its position within the 08248 zip code places it within reach of primary transit routes serving the coastal communities of Cape May County. Investors and private builders should verify local zoning requirements to determine the specific scale and density permitted for this residential land parcel.

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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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