611 Second Avenue

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611 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 located at 611 Second Avenue.
  • Property situated in the West Cape May market.
  • Parcel is categorized as residential land for sale.
  • Geographic coordinates are 38.9397 latitude and -74.9437 longitude.
  • The site supports potential single-family residential construction projects.

What's Special

The residential land parcel at 611 Second Avenue in West Cape May, NJ, presents a development opportunity within a well-regarded coastal community. Situated in the 08204 zip code, the site is positioned to benefit from the steady demand for housing in this regional destination. West Cape May maintains a distinct character known for its proximity to Atlantic beaches and local nature preserves, attracting both seasonal residents and year-round homeowners to the area. Investors and developers will find this location suitable for single-family residential projects or custom home construction. The surrounding neighborhood features established infrastructure and residential dwellings, providing a clear context for new development. Access to major regional roadways connects the property to the broader Cape May County market, supporting logistical efficiency during the construction phase. This asset offers a specific footprint for those looking to expand residential inventory within a high-demand market sector.

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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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