242 E Rio Grande

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242 E Rio Grande

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 asset available for sale in Wildwood
  • Located at 242 E Rio Grande in New Jersey
  • Situated within a popular coastal tourism-based economy
  • Positioned for potential commercial business development
  • Accessible site located within the 08260 zip code

What's Special

This commercial land parcel sits at 242 E Rio Grande in Wildwood, New Jersey. The property provides a strategic site within a well-known coastal destination, benefiting from the seasonal influx of visitors and the steady year-round population characteristic of the Jersey Shore. Situated in a region defined by its tourism-driven economy and maritime heritage, this lot offers flexibility for development projects aiming to capture high-traffic visibility. Investors and developers may find potential in this location for various commercial uses, given its proximity to established municipal infrastructure and local thoroughfares. The property serves as a blank canvas for businesses looking to establish a footprint in the 08260 zip code. With its position in a central corridor, the site remains accessible to regional traffic flows throughout the busy summer months and beyond.

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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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