121 Millman Lane

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121 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 located at 121 Millman Lane in Villas.
  • Strategic position within the coastal Cape May County region.
  • Property suited for various commercial or retail development projects.
  • Opportunity to enter an established New Jersey submarket.
  • Asset location provides access to local tourism and service markets.

What's Special

Villas serves as a coastal community within Cape May County, benefiting from seasonal tourism and a steady year-round population. This commercial land site at 121 Millman Lane provides a development opportunity in a region characterized by its proximity to the Atlantic shoreline and access to regional transit corridors. The local economy is driven by service-based industries and tourism, making this an appropriate location for businesses seeking visibility in a smaller, established New Jersey market. Developers and investors may find this parcel suitable for various commercial use cases, potentially supporting retail, service, or mixed-use projects depending on local planning regulations and site-specific conditions. The property provides a blank slate for those looking to establish a footprint in this growing South Jersey submarket.

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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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