Waterfront
Address
240 New Jersey Avenue, Fortescue, NJ
Price
$ 2,500,000
Property Attributes
- MLS#NJCB2014858
- TypeCommercial
- CountyCUMBERLAND
- CityFortescue
- AreaDowne Twp
- Zip08321
- StyleBed and Breakfast,Campground,Hotel/Motel,Mobile Ho
- Year Built1920
- Taxes$ 7915
- Price$ 2,500,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size1.43 Acres
Data Source:
Bright MLS
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 fishermans 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 isnt 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. Whats 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 dont end there. The property also includes a 3-bay garage with new flooring as well as a single-family home and 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.
| Price History | |
|---|---|
| 10/10/2023 | Listed $2,500,000 |
General Features
| Sewer | On Site Septic |
|---|---|
| Heating | None |
| Cooling | None |
| Utilities | Electric Available |
| Possession | Settlement |
| Zoning | R2 |
| Construction Materials | Other |
| Year Built | 1920 |
| View | Bay,Water |
| Property SubType | Mobile Home/Campgrounds |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | None |
| Business Type | Bed and Breakfast,Campground,Hotel/Motel,Mobile Home Park,Recreation,Restaurant/Bar |
| Waterfront Features | Riparian Grant |
| Accessibility | None |
| County | CUMBERLAND |
| New Construction | No |
| Property Type | Commercial Sale |
| Water Access Y/N | Yes |
| Status | ACTIVE |
| Directions | Go to Fortescue and take New Jersey Ave to the property |
| ModificationTimestamp | 2024-04-23T09:28:43 |
| City | FORTESCUE |
| Buyer Agent Compensation | 3 |
| Body of Water | Delaware Bay |
| Zoning Description | Resort Residential Zone. |
| MLS Area | Downe Twp (20604) |
| Lot Size Square Feet | 62291.00 |
| Tax Assessed Value | 301000.0 |
| Waterfront Y/N | Yes |
| Street Name | NEW JERSEY |
| Tax Annual Amount | 7915.0 |
| Price Per Sq Ft | 1738.53 |
| Vacation Rental Y/N | No |
| Virtual Tour | https://mediazilla.com/K4NqomYKlv |
| Days on Market | 204 |
| Location Type | Other |
| Standard Status | Active |
| Year Built Source | Assessor |
| Tax Lot | 00043 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | None |
|---|---|
| Hot Water | Natural Gas |
| Street Suffix | AVENUE |
| Central Air Y/N | No |
Exterior Features
| Lot Features | Additional Lot(s) |
|---|---|
| Water Source | Community |
| Total Parking Spaces | 40 |
| Type of Parking | Parking Lot |
| Park Name | Heritage Bay Front Camping Resort |
| Water View Y/N | Yes |
| Building Area Total | 1438.00 |
| Lot Dimensions | 0.00 x 0.00 |
| Lot Size Acres | 1.43 |
| Road Surface Type | Black Top |
| Road Frontage Length | 377 |
| Water Body Type | Bay |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Road Responsibility | City/County |
| Land Assessed Value | 300000.00 |
| Navigable Water Y/N | Yes |
| Water Oriented Y/N | Yes |
| LotDimensionsSource | Assessor |
| Car Parking Spaces | 20 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 08321
Price
Taxes
Visits
Year Built
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