225-227 E Spicer Avenue

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225-227 E Spicer Avenue

Wildwood, 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).

  • Commercial land parcel available for sale in Wildwood, New Jersey.
  • Located at 225-227 E Spicer Avenue near key coastal transit.
  • Property is situated in a high-traffic seasonal tourism market area.
  • Suitable for various commercial or retail development project types.
  • Coordinates for the parcel are 38.9871 north and 74.8155 west.

What's Special

Wildwood serves as a prominent destination within the Jersey Shore region, drawing significant seasonal tourism and maintaining a steady coastal economy. Situated at 225-227 E Spicer Avenue, this commercial land parcel occupies a central position within the city. The area experiences high pedestrian and vehicle activity, particularly during the warmer months when the local hospitality and retail sectors see peak demand. Its proximity to established commercial corridors makes the site a practical choice for investors and developers looking to establish a presence in this active shore market. The land provides a foundation for various commercial ventures suited to a beach-adjacent environment, ranging from retail storefronts to mixed-use developments that leverage the high volume of summer visitors. Proximity to local transit routes and coastal infrastructure supports accessibility for both residents and tourists alike, ensuring the property remains well-positioned for future project viability in a well-traversed 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

Location & Travel Times