2503 New Jersey Avenue

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2503 New Jersey 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 located at 2503 New Jersey Avenue.
  • Property situated in the coastal city of Wildwood, New Jersey.
  • Strategic location supports retail or professional commercial development projects.
  • Area experiences significant seasonal tourism and population growth patterns.
  • Parcel provides proximity to major regional roadways and local businesses.

What's Special

2503 New Jersey Avenue in Wildwood, New Jersey, presents a vacant land parcel positioned within a high-traffic commercial corridor. This site occupies a strategic location in a popular coastal destination known for its consistent seasonal tourism and year-round residential base. The regional economy relies heavily on the hospitality and service industries, benefiting from the influx of visitors to the barrier islands during the summer months. Given its commercial zoning designation, this land is well-suited for developers looking to establish a retail storefront, professional office space, or specialized service center to capture local and tourist demand. The surrounding area features established businesses and proximity to the primary arterial roadways that connect the coastal communities of Cape May County. Investors and developers can leverage the growth of this Jersey Shore submarket to create a functional commercial asset tailored to the needs of this active 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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