7201 Ocean Avenue

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7201 Ocean Avenue

Wildwood Crest, NJ 08260
Asking Price
Contact for price
Asset Type
Commercial Land
Class
Class B

AI Property Summary

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

  • This commercial land site is located in Wildwood Crest, New Jersey.
  • The property is positioned at 7201 Ocean Avenue within the municipality.
  • It is classified as a commercial land asset for potential development.
  • The parcel serves as a strategic site for varied commercial applications.
  • Wildwood Crest is a established coastal community with seasonal economic activity.

What's Special

The commercial land parcel at 7201 Ocean Avenue represents a development site positioned within the coastal community of Wildwood Crest, New Jersey. Situated along the Atlantic coastline, this property benefits from the seasonal tourism economy that characterizes the southern Jersey Shore region. The location offers accessibility for visitors and local traffic, making it a viable candidate for hospitality, retail, or mixed-use projects consistent with local land use regulations. Investors and developers often look to this submarket for its steady visitor base and established residential population. As a vacant tract of commercial land, the site provides flexibility for entities seeking to construct a custom facility tailored to the specific needs of the Wildwood Crest market. Its orientation provides a functional footprint for various commercial applications intended to serve the high density of summer traffic and the year-round community present in this coastal municipality.

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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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