$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 02:51 PM
Key Details
Property Type Vacant Land
Sub Type Residential Land
Listing Status Active
Purchase Type For Sale
Municipality Middle (MDL)
MLS Listing ID 22425834
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.
Exterior
Waterfront No
Building
Lot Description Irregular Lot
Others
Senior Community No
Tax ID 06-01523-0000-00009
Listed by Diane Turton, Realtors-Wall
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