119 Millman Lane

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119 Millman Lane

Villas, NJ 08251
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 available for sale in Villas
  • Located at 119 Millman Lane in New Jersey
  • Site offers potential for diverse commercial development projects
  • Situated within the accessible 08251 ZIP code region
  • Supports investment in the growing Cape May County market

What's Special

This commercial land parcel in Villas, New Jersey, is available for sale and suits investors or developers seeking a strategic foothold in Cape May County. Situated at 119 Millman Lane, the site provides a blank canvas for commercial ventures within a coastal region that experiences significant seasonal activity and a steady local population base. The property is well-positioned for businesses looking to tap into the regional tourist economy or provide essential services to the immediate residential community. Potential uses for this site include various commercial development projects that align with local zoning and submarket demands. Its location within the 08251 ZIP code offers accessibility to key local transit routes, making it a viable candidate for ventures ranging from retail to service-oriented commercial operations. Prospective buyers will find this land parcel serves as a functional asset for those targeting the Southern New Jersey real estate market.

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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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