Land to be sold with +/- 128 Unit Apartment/Condo Complex approval. Seller has preliminary approvals in place for 128 units to be built in Middle Township, Cape May County. This property is a great opportunity to an investor/developer looking for a turnkey multifamily project. Seller is in process of obtaining full, non-appealable approvals for 128 units. Current preliminary plans call for: 1 Bedroom - 32 Units 2 Bedroom - 64 Units 3 Bedroom - 32 Units 26 Units are allotted for Affordable Housing. Call for more information.
This property consists of two lots; Block 1062 Lot 1 and Block 164 lot 1 both zooned TB totaling 4.7 acres plus or minus Water and sewer are available to the lot on Route 9 water is across the highway, and sewer is about 200' south of the property. This is a great development property that could be used for many purposes. There is a tenant on the property who has a month to month tenancy.
Extremely high visibly Town Business Lot, get in now lots of residential development about to happen in the area. The property is near the Cape May County bike trail, Downtown Rio Grande, Close Proximity to the Wildwoods and Cape May. Town Business zoning allows for a mix of commercial uses and apartments above commercial space. Don't let this lot slip by lots of residential development going on within close proximity.
Excellent development opportunity of approximately 20 acres in the rapidly expanding area of Edgewood/Rio Grande. The vacant property runs from the east side of Route 9 (approximately 177â?? frontage) to the Garden State Parkway, on the south side of Edgewood Avenue. Middle Township confirmed there is potential sewer access in the vicinity of Route 9. Block 1153, Lot 3 and Block 1154, Lot 1 are Zoned TC (TownCenter). Blocks 1155-1164 are all Lot 1, zoned SR (Suburban Residential).
The median home value in Rio Grande, NJ is $217,000. This is lower than the county median home value of $613,600. The national median home value is $338,100. The average price of homes sold in Rio Grande, NJ is $217,000. Approximately 53.6% of Rio Grande homes are owned, compared to 26.3% rented, while 20.1% are vacant. Rio Grande real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Rio Grande real estate agent to arrange a tour today!
Rio Grande, New Jersey has a population of 3,530. Rio Grande is less family-centric than the surrounding county with 17.34% of the households containing married families with children. The county average for households married with children is 25.39%.
The median household income in Rio Grande, New Jersey is $79,517. The median household income for the surrounding county is $76,237 compared to the national median of $69,021. The median age of people living in Rio Grande is 51.4 years.
The average high temperature in July is 85.2 degrees, with an average low temperature in January of 26.5 degrees. The average rainfall is approximately 44.3 inches per year, with 11.5 inches of snow per year.