$4,000,000
509 Rio Grande Avenue Rio Grande, NJ 08242
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$4,000,000
Est. payment /mo
25.4 Acres Lot
Active
509 Rio Grande Avenue Rio Grande, NJ 08242
UPDATED:
09/06/2024 02:53 PM
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Middle (MDL)
MLS Listing ID 22425835
Originating Board MOREMLS (Monmouth Ocean Regional REALTORS�)
Annual Tax Amount $6,353
Tax Year 2023
Lot Size 25.400 Acres
Acres 25.4
Property Description
Land to be sold with +/- 128 Unit Apartment/Condo Complex approval. Seller has preliminary approvals in place for 128 units to be built in Middle Township, Cape May County. This property is a great opportunity to an investor/developer looking for a turnkey multifamily project. Seller is in process of obtaining full, non-appealable approvals for 128 units. Current preliminary plans call for: 1 Bedroom - 32 Units 2 Bedroom - 64 Units 3 Bedroom - 32 Units 26 Units are allotted for Affordable Housing. Call for more information.
Location
State NJ
County Cape May
Area None
Direction Route 9 to the end of Rio Grande Ave
Interior
Heating See Remarks
Exterior
Garage None
Parking Type None
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
Tax ID 06-01523-0000-00009
Listed by Diane Turton, Realtors-Wall
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