509 Rio Grande Avenue, Rio Grande, NJ

$4,000,000

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25.40

Acres

About 509 Rio Grande Avenue

Land to be sold with +/- 128 Unit Apartment/Condo Complex approval. Seller has preliminary approvals in place for 128 units to be built in Middle Township, Cape May County. This property is a great opportunity to an investor/developer looking for a turnkey multifamily project. Seller is in process of obtaining full, non-appealable approvals for 128 units. Current preliminary plans call for: 1 Bedroom - 32 Units 2 Bedroom - 64 Units 3 Bedroom - 32 Units 26 Units are allotted for Affordable Housing. Call for more information.

Features of 509 Rio Grande Avenue

MLS® # 22425835
Price $4,000,000
Bathrooms 0.00
Acres 25.40
Type Commercial Sale
Sub-Type Multi-Family
Status Active

Community Information

Address 509 Rio Grande Avenue
Area Middle (MDL)
Subdivision None
City Rio Grande
County Cape May
State NJ
Zip Code 08242

Amenities

Parking None
Is Waterfront No
Has Pool No

Interior

Heating See Remarks
Fireplace No

Additional Information

Short Sale No
RE / Bank Owned No

Listing Details

AgentSteven Honan
OfficeDiane Turton, Realtors-Wall

Listing Map

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