138 W Spencer Avenue

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138 W Spencer Avenue

Wildwood, 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).

  • Development site located at 138 W Spencer Avenue in Wildwood.
  • Land parcel classified for residential use in New Jersey.
  • Property situated within a high-traffic coastal tourism destination.
  • Available for sale to investors or residential developers.
  • Geographic coordinates for the site are 38.9892, -74.8200.

What's Special

Residential development serves as the primary potential for this land parcel situated at 138 W Spencer Avenue in Wildwood, New Jersey. The location sits within a coastal region that experiences significant seasonal activity and tourism. As a residential asset, this site offers proximity to local shore amenities and the broader infrastructure of the Wildwood community. Investors and developers may evaluate the parcel for various housing configurations, pending municipal alignment with local zoning requirements. The property provides a blank canvas in an established market that continues to draw visitors and residents seeking access to the Atlantic coastline. Future improvements could capitalize on the growing demand for residential footprints in this popular New Jersey shore town. The site remains available for acquisition, presenting a tactical move for those looking to expand their regional real estate holdings within a well-traveled submarket.

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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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