200 Evergreen Drive

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200 Evergreen Drive

West Wildwood, NJ 08260
Asking Price
$1.50M
Asset Type
Commercial Land
Class
Class B

AI Property Summary

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

  • Commercial land asset spanning 1.77 acres in West Wildwood
  • Prime acquisition available for a purchase price of $1,495,000
  • Strategically positioned property at 200 Evergreen Drive location
  • Located within the established and growing New Jersey coastal market
  • Suitable site for diverse commercial development and business use cases

What's Special

Development of this 1.77-acre commercial land parcel at 200 Evergreen Drive in West Wildwood presents a functional base for new business operations. The site provides a flexible canvas for investors or owner-users looking to establish a presence within this coastal New Jersey market. Given the surrounding residential and recreational activity of the region, the property is suited for various commercial applications that serve the local population and seasonal visitors. Access to the property is supported by the established infrastructure of the West Wildwood area, which benefits from the steady economic influence of the surrounding Cape May County region. The location supports potential uses ranging from professional service centers to commercial retail facilities, provided they align with municipal land use regulations. This asset offers a specific footprint for organizations planning a strategic move or expansion into a developing shore-adjacent community.

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NOI
$80,000
Cap Rate
5.35%
DSCR
0.90
Underwater
Cash-on-Cash
-1.95%
Monthly Payment
$7,396.444
Annual Cash Flow
$-8,757.332

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