Remarks

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 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.

Details

MLS#: NJCB2014858
Price: $2,500,000

Year Built: 1920

County: CUMBERLAND
Tax Fee: 7915.0