REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

CB Premier

cbpadmin@premiermove.com +1(888) 617-5470

$ 2,500,000

Est. payment -/mo

Save Virtual Tour

Active

240 NEW JERSEY AVE Fortescue, NJ 08321

1,438 SqFt

UPDATED:

08/14/2024 08:15 AM

Key Details

Property Type Mobile Home, Commercial

Sub Type Mobile Home/Campgrounds

Listing Status Active

Purchase Type For Sale

Square Footage 1,438 sqft

Price per Sqft $1,738

MLS Listing ID NJCB2014858

Originating Board BRIGHT

Year Built 1920

Annual Tax Amount $7,915

Tax Year 2023

Lot Size 1.430 Acres

Acres 1.43

Lot Dimensions 0.00 x 0.00

Property Description

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.

Location

State NJ

County Cumberland

Area Downe Twp (20604)

Zoning R2

Interior

Hot Water Natural Gas

Heating None

Cooling None

Heat Source None

Exterior

Garage Spaces 40.0

Utilities Available Electric Available

Waterfront Y

Waterfront Description Riparian Grant

Water Access Y

View Bay, Water

Street Surface Black Top

Accessibility None

Road Frontage City/County

Parking Type Parking Lot

Total Parking Spaces 40

Garage N

Building

Lot Description Additional Lot(s)

Sewer On Site Septic

Water Community

New Construction N

Schools

School District Downe Township Public Schools

Others

Tax ID 04-00074-00043

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Listed by Larry J DePalma • DePalma Realty

CB Premier

Agent

+1(888) 617-5470

GET MORE INFORMATION

OTHER HOMES TO CONSIDER

CB Premier

CB Premier

240 NEW JERSEY AVE Fortescue, NJ 08321

Key Details

Location

Interior

Exterior

Building

Schools

Others

GET MORE INFORMATION

Go tour this home

240 NEW JERSEY AVE