705 Highway 9

Cape May, NJ 08204

$2,900,000
Price
516,186 / 11.85
Lot Size / Acres
a view of balcony with outdoor space
a view of outdoor space with signage and flags
a view of outdoor area with seating area

Description

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...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.
  1. Listed by James Catanoso • deSatnick Real Estate LLC - North Wildwood
  2. Listed by Carli Quinn • deSatnick Real Estate LLC - North Wildwood

Property Details for 705 Highway 9

MLS #
223046
DOM
810
Class
LOTS/LAND
Location
Mainland, Other (See Remarks)
Sale/Rent
For Sale
Type
Commercial Vacant Lot
LISTING UPDATED: 09/25/2024 09:39 AM

Property Details for 705 Highway 9

StatusActive
MLS #223046
Days on Market815
Taxes$10,959 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLOTS/LAND / Commercial Vacant Lot
Year Built-
Lot Size11.85 AC
CountyCape May County

Building Information for 705 Highway 9

Lot Size11.85 AC

Property Information for 705 Highway 9

Summary
Location and General Information
  • Area: Lower Township/North of Canal
  • Address Number: 705
  • District - Township: 05-Lower Township
  • Address Search Number: 705.0
  • Address Street: Route 9
  • City: Lower Township
  • Address: 705 Route 9
  • Status: ACTIVE
  • Zoned: Commercial
  • State: NJ
  • Zip: 08204
  • Status Detail: 0
Taxes and HOA Information
  • Taxes: $10,958.52
  • Tax Year: 2021
Property
Lot Information
  • Lot Size: 11.85 acre
  • Lot Number: 18
  • Block Number: 510
Property and Assessments
  • May B Sub to 3rd pty Appr: No

Property History for 705 Highway 9

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 705 Highway 9

Taxable ValueLand$582,900Additions-Total$582,900
Tax Record2023$11,681 ($973 / month)
Home Facts
Stories2Lot Size516,186 SqFtStyleMiscellaneous CommercialCountyCAPE MAYAPN05 00510-0000-00018

Schools near 705 Highway 9

This home is within Lower Cape May Regional School District.
Rating
School
Type
Grades
Distance
Carl T Mitnick School
Public - 1 to 2
Maud Abrams School
Public - 3 to 4
Sandman Consolidated Elementary School
Public - 5 to 6
Richard M Teitelman School
Public - 7 to 8
Rating
School
Distance
Carl T Mitnick School
Public1 to 2

Maud Abrams School
Public3 to 4

Sandman Consolidated Elementary School
Public5 to 6

Richard M Teitelman School
Public7 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

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More information about 705 Highway 9, Cape May, NJ 08204

705 Highway 9 is a 11.85 ac of land for sale in Cape May, NJ 08204. This property was listed for sale on September 28, 2022 by deSatnick Real Estate LLC - North Wildwood, it's currently listed at $2,900,000. This listing's school districts are Lower Cape May Regional School District, Lower Township Elementary School District. Nearby schools include Carl T Mitnick School, Maud Abrams School and Sandman Consolidated Elementary School. 705 Highway 9 is a 0-bed, 0-bath, 11.85 ac of land on a 516,186 sq. ft. / 11.85 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of deSatnick Real Estate LLC - North Wildwood

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.