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705 Route 9

Lower Township, NJ 08204
  • $3,500,000
  • STATUS: Active
  • ON SITE: 66 Days
  • MLS #: 223043
UPDATED: 78 min ago
$3,500,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial

School Ratings & Info

Description

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.

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Listing information © 2022 Cape May County Association of REALTORS® Multiple Listing Service. Information is deemed reliable but is not guaranteed accurate by the MLS or The Oceanside Realty Team | Keller Williams Jersey Shore. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2022-12-03T23:49:34.493.
www.theoceansiderealtyteam.com/homes/133483971
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705 Route 9 Lower Township, NJ 08204

  • Price: $3,500,000
  • Status: Active
  • On Site: 66 Days
  • Updated: 78 min ago
  • MLS #: 223043
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
05-Lower Township
Area:
Lower Township/North Of Canal
Property Description
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.
Exterior Features

Location MainlandOther (See Remarks) Lot Size 11.85 Acre Outside Features Other (See Remarks)

Interior Features

Cooling Other (See Remarks) Heating No Heating

Property Features

Available Lease InformationOther (See Remarks) Bank Owned No Commercial Type Commercial/Industrial Financing Available Conventional New Construction No Sale Or Rent For Sale Sewer City Subject To Third Party Approval No Tax Year 2021 Taxes 10958.52 Type Commercial Water City Zoned Commercial

© 2022 Cape May County Association of REALTORS® MLS. All Rights Reserved.
Listing provided courtesy of Desatnick Real Estate Llc - North Wildwood: 609-551-4066.


Listing information © 2022 Cape May County Association of REALTORS® Multiple Listing Service. Information is deemed reliable but is not guaranteed accurate by the MLS or The Oceanside Realty Team | Keller Williams Jersey Shore. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2022-12-03T23:49:34.493.
 
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5501 New Jersey Avenue
Wildwood Crest NJ, 08260