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

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Lisa Bassett shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 Cape May County Association of REALTORS, Inc. All rights reserved.

Data last updated 8:19 PM UTC 10/14/2024

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