Mixed-Use Land for Sale in Lower Township, New Jersey

705 Route 9 Lower Township, NJ 08204

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$2,900,000
11.85 acres
Active sale$600k dropEst $21,951/mo

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.

Location

Street Address
705 Route 9
Community
Lower Township/North of Canal
Elevation
13 feet
Coordinates
38.9766, -74.9064

Property details

Zoning
Commercial
MLS Number
CMCAOR 223046
Date Posted

Property taxes

2021
$10,959

This 11.85-acre property is located at 705 Route 9 in Lower Township, NJ 08204 with latitude 38.9766 and longitude -74.9064. The property is currently available for sale for $2,900,000 with a price per acre of $244,726. Listing data is sourced from Cape May County Association of Realtors # 223046.

Verify sale details at the property source or contact DeSatnick Real Estate LLC - North Wildwood at (609) 551-4066.

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Copyright (C) 2024 Cape May County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Updated . Checked 2 hours ago. Parcel data by Regrid.

James Catanoso
DeSatnick Real Estate LLC - North Wildwood
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