543 Fourth Avenue

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543 Fourth 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 located at 543 Fourth Avenue
  • Situated in the coastal community of West Cape May
  • Property is categorized as residential land for development
  • Asset offers potential for custom home construction projects
  • Region features established coastal residential and tourism markets

What's Special

543 Fourth Avenue is a residential land parcel situated in West Cape May, New Jersey. This location provides access to the coastal character and regional appeal of the Cape May area, which is known for its historic architecture and seasonal tourism. The site is positioned to accommodate new construction projects, offering flexibility for developers or private buyers seeking to build in this established coastal community. Given the residential zoning and the submarket demand, the parcel is well-suited for a single-family home or residential development project. Proximity to local transit routes and the surrounding beach towns supports the long-term utility of this site. Investors and builders can leverage the consistent appeal of the southern New Jersey coastline to evaluate potential development pathways. This land serves as a strategic acquisition for those looking to capitalize on the inventory constraints within the West Cape May residential 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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