509 Rio Grande Avenue Active

Rio Grande,NJ 08242

$ 4000000

- Bed

0 Bath

- SqFt


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 Sub-Type Multi-Family

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

Parking Features None

Private Pool No

Building

Sewer Public Sewer

Water Public

Others

Senior Community No

Tax ID 06-01523-0000-00009

View More
Favorite Go Tour