316 W Lincoln Avenue

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316 W Lincoln 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).

  • Residential land available for development in Wildwood, New Jersey.
  • Property is situated at the address 316 W Lincoln Avenue.
  • Site supports various potential residential construction and housing projects.
  • Located within a popular coastal tourism destination and region.
  • Positioned in a well-established market area near the beach.

What's Special

Developing residential housing on this parcel at 316 W Lincoln Avenue in Wildwood presents a viable opportunity for builders and investors looking to capitalize on the local real estate market. This land is categorized as a residential asset, providing a clean site for future construction projects within a coastal New Jersey community. Wildwood attracts consistent interest due to its tourism-based economy and seasonal population growth, making it a strategic area for residential development. The site sits within a well-established submarket known for its proximity to beaches and regional recreational attractions. Prospective owners can explore various residential use cases, including single-family homes or potential multi-unit configurations, subject to local municipal requirements. With the ongoing demand for housing in this Jersey Shore location, this land offers a functional foundation for a new build in a high-traffic destination area.

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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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