Active

240 New Jersey Ave

Fortescue NJ, 08321

$2,500,000


$1,738.53 per sqft

Active

1,438 sqft

Commercial

Built in 1920

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 fisherman's 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 isn't 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. What's 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 don't 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.

NJCB2014858

MLS ID

October 10, 2023

Listed

September 19, 2024

Updated

Map

240 New Jersey Ave
Fortescue NJ, 08321

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

1.43 Acres


Lot Features

Waterfront


Sewer

Septic Tank

Other Property Details

Area Name

DOWNE TWP


Taxes

$7,915


Tax Frequency

Annually


Days on Market

310


Garage

No


Parking Total

40


View

Yes


View Description

Water, Bay


County

CUMBERLAND


Pool

No


Waterfront

Yes


Zoning

Resort Residential Zone.

Listed by DePalma Realty
Listing Contact: 8563646697 

The IDX display contains information sourced from the Bright MLS, Inc. as of 9/19/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 9/19/2024 at 9:11 PM UTC

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