316 Fow Ave

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316 Fow Ave

West Cape May, NJ 08204-1029
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 in West Cape May, New Jersey.
  • Site supports development projects for custom residential dwellings.
  • Positioned in a coastal region with high seasonal demand.
  • Property is situated within the 08204-1029 zip code area.
  • Asset type is classified specifically as residential land.

What's Special

Residential development at 316 Fow Ave provides a site for custom construction in the coastal borough of West Cape May, New Jersey. This land asset sits within a recognized regional destination known for its Victorian architecture and proximity to the Atlantic shoreline, offering a quiet setting for prospective homeowners or residential investors. The site is situated near the southern tip of the Cape May Peninsula, benefiting from the area's robust seasonal tourism economy and established residential community character. Given the local zoning and residential sub-type designation, the parcel is suited for the development of a single-family home or secondary residence. Developers and private buyers can leverage the location to create a residential property that aligns with the aesthetic and architectural standards of the surrounding neighborhood. The surrounding region maintains a stable demand for housing, bolstered by both year-round residents and seasonal visitors drawn to the regional beaches, nature preserves, and the historic charm of the Cape May area.

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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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