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Listed by Carol A. Menz • Coastline Realty, LLC
$ 7,250,000
Est. payment | /mo
$ 7,250,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Land for Commercial Use
Listing Status Active
Purchase Type For Sale
Subdivision Cape May City
MLS Listing ID NJCM2005008
Year Built 1900
Annual Tax Amount $14,491
Tax Year 2024
Lot Dimensions .7366
Property Sub-Type Land for Commercial Use
Source BRIGHT
Property Description
Once in a Lifetime Prime Waterfront Development Opportunity in Cape May An exceptional opportunity to develop 0.7 acres of waterfront property on Cape May's Yacht Ave. This rare offering includes approved plans for a seven-townhome condominium association with a small marina, creating an exclusive waterfront community in one of Cape May's most desirable locations. Situated in a highly walkable location, this property offers convenient access to the Marina District, where you'll find some of Cape May's most popular restaurants, including Lucky Bones, The Lobster House, and Meyer's. Just a short distance away, explore the charm of Historic Cape May, known for its Victorian homes, boutique shopping, and pristine beaches. Cape May is a premier destination for boaters and coastal enthusiasts, providing direct harbor access and a vibrant seaside atmosphere. Whether you're an investor, developer, or visionary buyer, this is a rare opportunity to bring a luxury waterfront project to life. For those seeking to create their own waterfront masterpiece, this property also presents the unique opportunity to design a private luxury estate with unparalleled harbor views. Imagine a custom-built home or two with expansive decks, private docks, and direct access to Cape May's premier boating waters—a haven for yachting, fishing, and waterfront living at its finest. Whether as a multi-unit development or a one-of-a-kind private retreat, this rare waterfront property is a blank canvas ready for your vision: Highlights – Dig Ready for 7 townhomes, 1Existing renovated Historic Home, 17 -23 slips, 7 marina parking, marina bathroom room, 7 overflow residential parking, Garages for townhomes. Need a builder we can supply a fantastic local builder who has been involved from the beginning on this project.
Location
State NJ
County Cape May
Area Cape May City (20502)
Zoning R-5
Interior
Hot Water Natural Gas
Heating Other
Cooling Other
Equipment See Remarks
Heat Source Other
Exterior
Garage Spaces 11.0
Water Access Y
Accessibility Other
Total Parking Spaces 11
Garage N
Building
Sewer Public Hook/Up Avail
Water Public
New Construction N
Schools
School District Cape May
Others
Tax ID 02-01160-00006
Ownership Other
Acceptable Financing Other
Listing Terms Other
Financing Other
Special Listing Condition Standard
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