426 Second Avenue

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426 Second Avenue

West Cape May, NJ 08204
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 situated in West Cape May
  • Located at the address of 426 Second Avenue
  • Suitable site for custom home or residential development
  • Positioned within a popular coastal tourism-based market
  • Zoned for residential use in a desirable borough

What's Special

Residential development serves as the primary use case for this parcel located at 426 Second Avenue in West Cape May, New Jersey. Situated within a coastal community known for its historic charm and tourism-driven economy, the site provides a distinct foundation for a custom home build or residential project. West Cape May maintains a steady appeal for both seasonal residents and year-round homeowners, supported by its proximity to the Atlantic coastline and established local amenities. Investors and builders looking to establish a presence in this sought-after borough will find the location well-positioned for residential growth. The site allows for integration into the existing neighborhood fabric of this popular vacation destination. With its specific coastal geography and regional demand for housing, this land represents a clear opportunity for those seeking to capitalize on the character and sustained interest of the South Jersey shoreline.

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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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