506 W ROBERTS AVE

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506 W ROBERTS AVE

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 available for sale in Wildwood, New Jersey.
  • Located at 506 W Roberts Ave within the 08260 zip code.
  • Property is situated in a established coastal residential market.
  • Asset is suitable for single-family or multi-family housing development.
  • Site offers proximity to regional attractions and coastal lifestyle amenities.

What's Special

This residential land parcel in Wildwood, New Jersey, is available for sale and provides a straightforward development opportunity for residential buyers or builders. Situated at 506 W Roberts Ave, the property occupies a position within this popular coastal community, which remains a consistent draw for both vacationers and year-round residents alike. The region benefits from a robust tourism-based economy and steady demand for housing stock, particularly in areas offering proximity to the Atlantic shoreline and local recreational amenities. Given its residential zoning, this site is well-suited for the construction of a single-family home or a small-scale multi-family project, depending on specific municipal approvals. Prospective developers should evaluate the site against current zoning ordinances to maximize the potential of this coastal asset. The property offers a foundational step for those looking to establish a footprint in this established seaside destination.

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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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