423 E Magnolia Avenue

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423 E Magnolia Avenue

Wildwood, NJ 08260
Asking Price
$975K
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Commercial land parcel available for sale in Wildwood, New Jersey
  • Strategically positioned at 423 E Magnolia Avenue in a coastal market
  • Asking price for the commercial property is set at $975,000
  • Suitable site for various commercial development or construction projects
  • Located within a prominent tourist-driven economy in Cape May County

What's Special

Development of a commercial project is well-suited for this parcel located at 423 E Magnolia Avenue in Wildwood, New Jersey. Situated in a coastal market known for seasonal tourism and steady regional activity, this site provides a strategic position for investors or developers targeting the local economy. The land offers flexibility for various commercial uses, allowing for a build-to-suit approach that aligns with the specific needs of the Wildwood submarket. Wildwood remains a consistent destination within the Cape May County area, supported by its proximity to major shore highways and established infrastructure. This land asset benefits from the surrounding density and business community, making it a viable addition to a portfolio seeking commercial expansion in a well-trafficked tourist environment. Investors can capitalize on the location to support long-term operations or ground-up construction projects.

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NOI
$80,000
Cap Rate
8.21%
DSCR
1.38
Strong
Cash-on-Cash
7.56%
Monthly Payment
$4,823.768
Annual Cash Flow
$22,114.784

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