705 Route 9, Cape May, NJ 08204 | MLS 223043 | Listing Information | Berkshire Hathaway HomeServices Fox & Roach, REALTORS | Berkshire Hathaway HomeServices Fox & Roach, REALTORS
FOR SALE
$3,500,000  

705 Route 9
Cape May, NJ 08204

Other
Commercial
N/A
Acre Lot
1of
Photos
Map
Courtesy: deSatnick Real Estate LLC - North Wildwood
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.
223043
Other
Cape May
City
City
Interior Features
Cooling
Other
Heating
Other. None.
Exterior / Lot Features
Lot Dimensions
11.85 acre
Zoning
Commercial
Additional Exterior/Lot Features
Other (See Remarks).
Financial Considerations
$10,959