Skip To Content

240 New Jersey Avenue

FORTESCUE, NJ 08321
  • $2,500,000
  • STATUS: Active
  • ON SITE: 139 Days
  • MLS #: NJCB2014858
UPDATED: 128 min ago
$2,500,000
  • 0
    BEDS
  • 1.43
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1920
County:

School Ratings & Info

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+GGs 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+GGt 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+GGs 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+G- and the uses don+GGt 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.

Monthly Payment Calculator



©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-26T23:52:57.307.
www.sellwithsikora.com/homes/144241701
Print Image

240 New Jersey Avenue FORTESCUE, NJ 08321

  • Price: $2,500,000
  • Status: Active
  • On Site: 139 Days
  • Updated: 128 min ago
  • MLS #: NJCB2014858
0
Beds
0
Baths
0
½ Baths
1.43
Acres
1920
Built
Neighborhood:
Downe Twp (20604)
County:
Cumberland
Area:
Downe Twp (20604)
School District:
Downe Township Public Schools
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+GGs 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+GGt 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+GGs 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+G- and the uses don+GGt 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.
Exterior Features

Construction Materials Other Distance To Body Of Water 0 Garage YN No Location Type Other Lot Features Additional Lot(S) Parking Types Parking Lot Riparian Rights YN Yes Road Responsibility City/County Road Surface Type Black Top View BayWater Water Access YN Yes Water Body Name Delaware Bay Water Body Type Bay Water Oriented YN Yes Water View YN Yes Waterfront Features Riparian Grant Waterfront YN Yes

Interior Features

Building Area Total 1438.00 Cooling None Heating None Net Square Feet 0.00

Property Features

Accessibility Features None Assessment Year 2022 Business Type Bed And BreakfastCampgroundHotel/MotelMobile Home ParkRecreationRestaurant/Bar Central Air YN No Cooling Fuel None Cross Street Bayview Blvd Heating Fuel None Hot Water Natural Gas Municipality Downe Twp Navigable Water YN Y New Construction YN No Number Of Units Total 0 Original MLSNumber 802662711134 Ownership Interest Fee Simple Possession Settlement Property Sub Type Mobile Home/Campgrounds Sale Type Standard Sewer On Site Septic Tax Annual Amount 7716.00 Tax Assessment Amount 317000.00 Tax Lot 00043 Utilities Electric Available Vacation Rental YN No Water Source Community Zoning R2 Zoning Description Resort Residential Zone.

Listing courtesy of DePalma Realty: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-26T23:52:57.307.
 
https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_802662711134-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_802662711134-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_802662711134-2.jpg
Logo
eXp Realty
28 Valley Rd Suite 1
Montclair NJ, 07042