243 E Rio Grande Avenue

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243 E Rio Grande 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 asset available for acquisition in Wildwood, New Jersey.
  • Located at 243 E Rio Grande Avenue near primary local corridors.
  • Property is positioned within a vibrant and growing coastal submarket.
  • Suitable for developers pursuing various commercial and business use cases.
  • The site offers direct access to key regional thoroughfares in Wildwood.

What's Special

This commercial land offering at 243 E Rio Grande Avenue in Wildwood, New Jersey, presents a strategic acquisition for investors or developers seeking to establish a footprint in this coastal market. Situated in a region known for its seasonal tourism and steady residential base, this parcel provides a blank canvas for commercial development. The location benefits from the area's ongoing appeal as a destination for vacationers and visitors alike, contributing to the consistent demographic activity characteristic of the South Jersey shore region. The property is suited for a variety of commercial use cases, allowing for potential development that aligns with the requirements of the local economy and zoning regulations. Proximity to major access routes ensures connectivity for both customers and logistics. Developers and business owners looking for a foothold in the Wildwood submarket will find this site positioned to accommodate commercial projects that cater to the evolving needs of the local community and the surrounding coastal corridor.

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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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