705 Route 9, Lower Township, NJ | MLS # 223046 For Sale

Property Details

11.85 acres just a short distance to Cape May and the Wildwoods. Currently used as a solar field. This property once had approvals for approximately 48 three bedroom, two bath townhouses (see pictures and associated docs for plans). There are approximately six years left on the solar lease. At the termination of the lease in January 2028, the solar panels become property of the property owner. Currently, solar panels are owned and maintained by a third party company. Property and office building are being sold strictly in "AS-IS" condition. Solar panels have an expected life usage of 25 years, which gives the new owner the opportunity to continue the solar field operation (approximately 10 years left). Keep the panels or remove and pursue development opportunities.

This listing is provided courtesy of deSatnick Real Estate LLC - North Wildwood

MLS #: 223046
Status: Active
Address: 705 Route 9, Lower Township, NJ 8204
Date Listed: 9/28/2022
Days on Market: 820
Stipulations: No

Location

Additional Features

County: Cape May
Property Type: Commercial Vacant Lot
Lot Size: 11.85 acre
Lot Number: 18
Block Number: 510
Associated Document Count: 4
District/Township: 05-Lower Township
For Sale / Lease: For Sale
Taxes: 10958.52
3rd Party Approval: No

Disclaimer:The data relating to real estate for sale on this website comes in part from both the Broker Reciprocity Program of the South Jersey Shore Regional MLS and/or the Cape May County MLS, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms. The brokers providing these listings advise interested parties to do their due diligence before relying on this information in a purchase decision. The information being provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties in which they may be interested in purchasing. All information deemed reliable, but not guaranteed. All properties are subject to change.