224 Bay Avenue

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224 Bay Avenue

Villas, NJ 08251
Asking Price
Contact for price
Asset Type
Residential Land
Class
Class B

AI Property Summary

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

  • Residential land parcel located at 224 Bay Avenue in Villas
  • Property situated within the coastal landscape of Cape May County
  • Asset is currently available for purchase for residential development
  • Zoning allows for new residential construction projects on site
  • Location offers proximity to regional transit routes and coastal access

What's Special

Villas serves as a quiet coastal community within Cape May County, characterized by its proximity to the Delaware Bay and a steady flow of local residential development. This land parcel at 224 Bay Avenue provides a strategic site for those looking to develop within a growing New Jersey shoreline submarket. The residential zoning designation allows for the construction of single-family housing, catering to the ongoing demand for primary residences or seasonal retreats in the region. Positioned with convenient access to major regional thoroughfares, the site is well-situated for builders or investors focused on coastal residential projects. The surrounding area maintains a consistent appeal for prospective homeowners seeking a relaxed environment near the water. Development at this location aligns with the character of the existing neighborhood, offering a functional footprint for residential inventory expansion.

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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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