0.69 Acres Lot
0.69 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID NJCM2004506
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $24,008
Tax Year 2024
Lot Size 0.689 Acres
Acres 0.69
Lot Dimensions 150.00 x 200.00
Property Description
The land is currently a functioning parking lot that measures 150' x 200' totaling 30,000 sq ft. But imagine 48 impeccably designed condos adorned with private balconies that capture enchanting ocean panorama. 40 of the units will offer 3 bedrooms with en suite baths, a den, powder room and laundry room while the other 8 include 3 bedrooms with en suite baths, powder room and laundry room. The architecture embraces a contemporary and elegant aesthetic, complimentary to the coastal charm of Wildwood.
This visionary development includes two elevators and two levels of parking, thoughtfully designed to accommodate 2 parking spots per unit, making coastal adventures and day-to-day routines a breeze. You can even hit the gym or take laps in the rooftop pool while watching the sunset on the horizon!
Seize the opportunity to team up with an experienced developer to make your mark on the coastline, and create an enclave of luxurious ocean view condos that will captivate hearts and stand the test of time. Development plans available.
Asking price includes plans with local approvals. With state/CAFRA approvals, including all drawings required for permit-ready, the asking price is 12M. Additionally, the Seller (or its assignee or nominee in its sole discretion) will retain a 30-year lease on the ground level parking lot in its current dimensions at $10,000 per year paid in arrears.
Location
State NJ
County Cape May
Area Wildwood City (20514)
Zoning T/E
Interior
Inclusions Asking price includes plans with local approvals. With state/CAFRA approvals, including all drawings required for permit-ready, the asking price is 12M. Additionally, the Seller (or its assignee or nominee in its sole discretion) will retain a 30-year lease on the ground level parking lot in its current dimensions at $10, 000 per year paid in arrears.
Exterior
Water Access N
View Ocean
Garage N
Building
Sewer Other
Water None
Schools
School District Wildwood City Schools
Others
Tax ID 14-00195 01-00020
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
