7204 Atlantic Avenue

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7204 Atlantic Avenue

Wildwood Crest, NJ 08260
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 situated in Wildwood Crest, New Jersey.
  • Located at 7204 Atlantic Avenue near the coastal waterfront.
  • Property sits within the Cape May County residential submarket.
  • Suitable for developers pursuing new residential building projects.
  • Well-positioned to capture demand from the local housing market.

What's Special

Developing residential housing on this land at 7204 Atlantic Avenue in Wildwood Crest presents a clear path for expansion in a coastal community. This parcel is positioned within a well-established borough in Cape May County, a region known for its strong seasonal tourism economy and residential density near the Atlantic coastline. Its location provides proximity to local beaches and regional transit routes, making it a viable prospect for investors or developers interested in building custom residential projects tailored to the local market. The site benefits from the infrastructure inherent to Wildwood Crest, a municipality that balances seasonal activity with a permanent coastal population. Residential development here caters to both secondary homeowners and year-round residents who value the accessibility of the Jersey Shore. This land offers a blank slate for builders seeking to capitalize on the sustained demand for housing inventory in this specific coastal submarket, where proximity to water and recreational amenities remains a primary driver for real estate interest.

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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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