Active
705 Route 9
Lower Township NJ, 08204
$2,900,000
Active
Commercial
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
MLSⓇ ID
September 28, 2022
Listed
October 14, 2024
Updated
Map
705 Route 9
Lower Township NJ, 08204
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Other (See Remarks)
Heating
Yes
Heating Description
No Heating
Exterior/Building Features
Exterior Features
Other (See Remarks)
Sewer
City
Other Property Details
Area Name
Lower Township/North of Canal
Days on Market
728
Garage
No
View
No
County
Cape May County
Municipality
05-Lower Township
Water Source
City
Pool
No
Zoning
Commercial
Courtesy of deSatnick Real Estate LLC - North Wildwood, James Catanoso
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Data last updated 8:19 PM UTC 10/14/2024