$2,500,000
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240 New Jersey Avenue Fortescue, NJ 08321 Municipality: Downe Twp
General Commercial
Residence
Beds
Baths
Sq. Ft.
1.43
Acre
Lot
Property Activity
Time on Site
days
Days on Market
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Please welcome 240 New Jersey Avenue to the market. This bayfront property is located in up and coming Fortescue, a picturesque Bayshore town and a fishermanâs paradise that has largely yet to be discovered. This town is a hidden gem lining the Delaware Bay with quaint, beachfront properties. It is ...one of the only places left on the Eastern Seaboard where you can get million-dollar views at a major value. But this property isnât just in a beautiful, peaceful location, it also represents an incredibly lucrative investment opportunity. This piece of land is 1.5 acres RIGHT ON THE BAY and is currently known as Heritage Bayfront Camping Resort with 20 campground spots ready for your RV, and with electrical connections already in place. Whatâs more is how the ground itself could be utilized in the future. Sitting in the Resort Residence Zone, this property has potential use as a full-on mobile home park, luxury bayfront single family home, bed & breakfast, or, as the town of Fortescue continues to grow, a restaurant location or hotel location⦠and the uses donât end there. The property also includes a 3-bay garage with new flooring as well as lot 43.01, which includes a riparian grant 400+/- feet into the Delaware Bay. Finally, the seller has had a bulkhead permitted and ready to be built that is tall enough to exceed the floodplain, potentially saving thousands in flood insurance. Fortescue has seen tremendous growth the past few years and holds the fundamentals of location, value, and timing that are necessary for a phenomenal real estate investment to pay off. The Township is currently in the works to bring public sewer, which will further increase investment in the area. A water supply company is already in place and services this location. You do not want to be the investor that waited and in 10 years Fortescue is a bustling beach, fishing, and tourism town where prices are much higher! The property includes lots 41-42-43 & 43.01. The owner will either credit the buyer $500,000.00 and sell it as is, or install a brand-new bulkhead in front of this property at the current list price.
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MLS#
NJCB2014858
Property Type
General Commercial
Year Built
1920
Price per Sq. Ft.
$1,738.53
Lot Size
1.43
Sewer
Septic
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