322 W Magnolia Avenue

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322 W Magnolia 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 parcel situated at 322 W Magnolia Avenue.
  • Located within the coastal municipality of Wildwood, New Jersey.
  • Property is currently available for purchase by interested developers.
  • Asset type classified specifically as residential land for development.
  • Positioned within the active Cape May County regional market.

What's Special

This residential land asset located at 322 W Magnolia Avenue in Wildwood, New Jersey, presents a development opportunity within a popular coastal community. Wildwood serves as a primary destination in the Cape May County area, characterized by its seasonal tourism economy and accessible beachside setting. The site is positioned to support residential construction, offering potential for investors or developers focused on the local housing market. The property is situated in an established municipal environment known for its long-standing recreational appeal and regional connectivity. Given the current zoning and land classification, this parcel is suitable for various residential project scopes that align with the growth patterns of this South Jersey shore market. Its location allows for convenient integration into the existing neighborhood grid, making it a functional choice for those seeking to build in a high-traffic vacation 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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