118 W Rio Grande Avenue

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118 W Rio Grande Avenue

Wildwood, NJ 08260-1518
Asking Price
Contact for price
Asset Type
Commercial Land
Class
Class B

AI Property Summary

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

  • Commercial land parcel available for sale in Wildwood
  • Located at 118 W Rio Grande Avenue
  • Strategically situated within the 08260 zip code
  • Positioned in a high-traffic coastal tourism market
  • Suitable for diverse commercial development projects

What's Special

This commercial land parcel in Wildwood, New Jersey, is currently available for sale, providing a strategic acquisition for investors or developers seeking to establish a foothold in this popular coastal destination. Positioned at 118 W Rio Grande Avenue, the site benefits from the consistent seasonal foot traffic and steady economic activity characteristic of the Cape May County tourism market. Its prime location within the 08260 zip code allows for diverse commercial applications ranging from retail development to service-oriented business ventures that cater to both residents and summer visitors. Wildwood remains a recognized destination along the Jersey Shore, supported by a resilient local economy and an influx of regional vacationers each year. This property provides a blank slate for those looking to capitalize on the area's development potential and high visibility. With its versatile zoning potential for commercial use, the land is well-suited for buyers aiming to execute a long-term strategy in a established shore community.

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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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