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.
223046
MLSⓇ ID
September 28, 2022
Listed
November 22, 2024
Updated
Map
705 Route 9
Lower Township NJ, 08204
Interior Features
Laundry Description
10 Acres
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
11.85 Acres
School Information
Elementary School
510
Other Property Details
Area Name
Lower Township/North of Canal
Days on Market
728
Garage
No
View
No
County
Cape May
Municipality
05-Lower Township
Pool
No
Zoning
Commercial,Other (See Remarks)
Courtesy of deSatnick Real Estate LLC - North Wildwood, James Catanoso
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Data last updated 10:00 PM UTC 11/22/2024