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509 Rio Grande Ave

25.4 Acres of Commercial Land in Rio Grande, NJ 08242

Investment Highlights

  • Property to be sold Approved
  • One, two and three bedroom units
  • Preliminary Approvals for 128 units

Executive Summary

MULTI FAMILY Will sell with approvals. Preliminary approvals for 128 +/- units. Apartments/condos. Can be built in phases. 32 one bedrooms, 64 two bedrooms and 32 three bedrooms. Great opportunity. Middle Township, Cape May County. Treed lot right off GSP Exit 4 in close proximity to Shoprite, Joe Canals, Chipotle, Planet Fitness, Dunkin Donuts and much more. Gas, Water, Electric and Sewer are on the street all this and under 4 miles to the Beach
PROPERTY TO BE SOLD APPROVED -CAN BE BUILT IN PHASES
Multifamily Project.

Property Facts

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Apartment Units - Condo
Total Lot Size 25.40 AC

1 Lot Available

Lot

Lot Size 25.40 AC

Will sell with approvals. Preliminary approvals for 128 +/- units. Apartments/condos. Can be built in phases. 32 one bedrooms, 64 two bedrooms and 32 three bedrooms. Great opportunity. Land to be sold with +/- 128 Unit

Description

Will sell with approvals. Preliminary approvals for 128 +/- units. Apartments/condos. Can be built in phases. 32 one bedrooms, 32 two bedrooms and 32 three bedrooms. Great opportunity. Treed lot right off GSP Exit 4 in close proximity to Shoprite, Joe Canals, Chipotle, Planet Fitness, Dunkin Donuts and much more. Gas, Water, Electric and Sewer are on the street all this and under 4 miles to the Beach.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
06-01523-0000-00009
Land Assessment
$228,400
Improvements Assessment
$75,000
Total Assessment
$303,400
  • Listing ID: 28874622

  • Date on Market: 6/28/2023

  • Last Updated:

  • Address: 509 Rio Grande Ave, Rio Grande, NJ 08242

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