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11.85 Acres Lot
$ 2,900,000
Est. payment | /mo
11.85 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Commercial Vacant Lot
Listing Status Active
Purchase Type For Sale
MLS Listing ID 223046
Annual Tax Amount $10,958
Tax Year 2021
Lot Size 11.850 Acres
Acres 11.85
Lot Dimensions 11.85 acre
Property 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 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.
Location
State NJ
County Cape May
Area Lower Township/North Of Canal
Location Details Mainland,Other (See Remarks)
Building
Lot Description Mainland, Other (See Remarks)
Listed by deSatnick Real Estate LLC - North Wildwood
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