Fifth Avenue

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Fifth Avenue

West Cape May, NJ 08204
Asking Price
$790K
Asset Type
Commercial Land
Class
Class B

AI Property Summary

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

  • Commercial land parcel available for acquisition on Fifth Avenue.
  • Property is listed for sale at a price of $790,000.
  • Located within the established municipal boundaries of West Cape May.
  • Site supports diverse commercial development and professional business usage.
  • Positioned in a region characterized by consistent seasonal visitor traffic.

What's Special

Priced at $790,000, this commercial land parcel on Fifth Avenue provides a strategic acquisition for investors or developers in West Cape May, New Jersey. This coastal municipality maintains a steady year-round population while benefiting from a robust seasonal tourism economy typical of the Cape May peninsula. The site offers significant flexibility for various commercial uses, allowing for development that aligns with the established character of the local business corridor. Given the demand for commercial space in this popular regional destination, the parcel is well-positioned for projects ranging from professional services to specialized retail or hospitality-focused operations. The property sits within a submarket known for its maritime heritage and consistent visitor traffic. Its location allows for convenient access to regional roadways that connect the Cape May area to broader southern New Jersey hubs. Investors looking to expand their commercial footprint in a stable shore community will find this land parcel serves as a viable foundation for long-term real estate development goals in a highly regarded geographic market.

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NOI
$80,000
Cap Rate
10.13%
DSCR
1.71
Strong
Cash-on-Cash
13.97%
Monthly Payment
$3,908.489
Annual Cash Flow
$33,098.132

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