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509 Rio Grande Avenue, Rio Grande, NJ 08242

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For Sale

$4,000,000

25.4 acres

Estimated Payment

$ 21,072 /mo.

6.65% APR for 30 yrs.
$6,353 in taxes
Change Loan Terms

  • Other Residential
    Property type

  • 25.4 acres
    Lot size

Explore this Property

Land to be sold with +/- 128 Unit Apartment/Condo Complex approval. Seller has preliminary approvals in place for 128 units to be built in Middle Township, Cape May County. This property is a great opportunity to an investor/developer looking for a turnkey multifamily project. Seller is in process of obtaining full, non-appealable approvals for 128 units. Current preliminary plans call for: 1 Bedroom - 32 Units 2 Bedroom - 64 Units 3 Bedroom - 32 Units 26 Units are allotted for Affordable Housing. Call for more information.
MLS# 22425834

Courtesy Of Diane Turton, Realtors

(732) 292-1400

Property Features

  • Architecture Style
    Other
  • Lot Size
    25.4 Acres

Home seller CENTURY 21 Gilmartin & Company

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Gilmartin & Company

(609) 884-1800
Learn More About Us

Mortgage Calculator

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Loan Term
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Monthly Payment Breakdown

  • Principle and Interest
    $20,543
  • Property Taxes
    $529
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $21,072

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Middle Township Elementary #1

Grades PK-2 Public School


Cape May Court House, NJ 08210 5.4 miles
215 eldredge rd

650 total students
11:1 Student teacher ratio

Middle Township Elementary #2

Grades 3-5 Public School


Cape May Court House, NJ 08210 5.1 miles
101 w pacific ave

528 total students
12:1 Student teacher ratio

Middle Township Middle School

Grades 6-8 Public School


Cape May Court House, NJ 08210 5.3 miles
300 e pacific ave

561 total students
12:1 Student teacher ratio

Other Nearby Schools Distance Type Grades School Rating
Rio Grande Baptist Academy 0.6 miles Private 8-10
Lower Cape May Regional High School 2.8 miles Public 9-12 C-
Richard M. Teitelman Middle School 2.8 miles Public 7-8 D+
Wildwood High School 3.3 miles Public 9-12 D
Wildwood Middle School 3.3 miles Public 6-8 D
Glenwood Avenue Elementary School 3.3 miles Public PK-5 F
Crest Memorial School 3.4 miles Public PK-8 D
David C. Douglass Memorial School 3.5 miles Public PK-KG
Cape Christian Academy 3.6 miles Private PK-11
Sandman Consolidated School 3.8 miles Public 5-6 D
Maud Abrams School 3.8 miles Public 3-4 C
Wildwood Catholic Academy 3.8 miles Private PK-12
Wildwood Catholic Academy 3.8 miles Private PK-12
Carl T. Mitnick School 3.9 miles Public 1-2
Margaret Mace School 4.1 miles Public PK-8 D+
Middle Township High School 5.4 miles Public 9-12 D+
Cape May City Elementary School 5.5 miles Public PK-6 A-

Rio Grande Baptist Academy

Distance: 0.6 miles

Type Private

Grades: 8-10

Lower Cape May Regional High School

Distance: 2.8 miles

Type Public

Grades: 9-12

C-

Richard M. Teitelman Middle School

Distance: 2.8 miles

Type Public

Grades: 7-8

D+

Wildwood High School

Distance: 3.3 miles

Type Public

Grades: 9-12

D

Wildwood Middle School

Distance: 3.3 miles

Type Public

Grades: 6-8

D

Glenwood Avenue Elementary School

Distance: 3.3 miles

Type Public

Grades: PK-5

F

Crest Memorial School

Distance: 3.4 miles

Type Public

Grades: PK-8

D

David C. Douglass Memorial School

Distance: 3.5 miles

Type Public

Grades: PK-KG

Cape Christian Academy

Distance: 3.6 miles

Type Private

Grades: PK-11

Sandman Consolidated School

Distance: 3.8 miles

Type Public

Grades: 5-6

D

Maud Abrams School

Distance: 3.8 miles

Type Public

Grades: 3-4

C

Wildwood Catholic Academy

Distance: 3.8 miles

Type Private

Grades: PK-12

Wildwood Catholic Academy

Distance: 3.8 miles

Type Private

Grades: PK-12

Carl T. Mitnick School

Distance: 3.9 miles

Type Public

Grades: 1-2

Margaret Mace School

Distance: 4.1 miles

Type Public

Grades: PK-8

D+

Middle Township High School

Distance: 5.4 miles

Type Public

Grades: 9-12

D+

Cape May City Elementary School

Distance: 5.5 miles

Type Public

Grades: PK-6

A-

Local area information for Rio Grande, NJ 08242

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Rio Grande, NJ 08242

This community’s employment is highest in the sales and administrative support industries. The area’s overall household expenses are above the national average.

83° July
Hottest Average Month

27° January
Coldest Average Month
1,974 Total Households in Area
24.7%
of households
have children
23 minutes
Median Commute Time

Household Expenses vs National Average

Demographic facts
for Rio Grande, NJ 08242

Rio Grande, NJ 08242 has a population of 4,792 people in 1,974 households with a median age of 45.2 years old.

Down -1.4%
Decrease in population
since the year 2010

Population is Trending down
1,995
Total households as of 2010
Up
1.7%

Community Population By Age

Community Population By Ethnicity

White 74%
Hispanic 16%
Other 8%
Black 6%
Asian 2%
Native American <1%

Economics
for Rio Grande, NJ 08242

747 /sq mi
Population Density
$69,522 /yr
Median Household Income
$277,500
Median Sales Price
23 min
Median Commute Time

Household Expenses vs National Average

Household by Income

Transportation to Work

  • Drive 86%
  • Public Transit 6%
  • Walk or Bike 6%
  • Work from Home 2%

Occupancy by Type

Owned 1,488 61%
Rented 485 20%
Vacant 456 19%

White vs Blue Collar Jobs







White Collar 76%
Blue Collar 24%

Family & Education Facts
for Rio Grande, NJ 08242

45.2 Median Age

Average Household Size

2.4
persons per
household

45.5%

Married Households

Community Population By Education

High School Graduate 35%
Some College 22%
Graduate Degree 13%
Bachelors Degree 13%
Some High School 10%
Associates Degree 7%

Household Family Expenses vs National Average

24.7% of households have children

Weather
for Rio Grande, NJ 08242

The weather for this area ranges from a high of 83° F in July to a low of 27° F in January

83° July
Hottest Average Month
27° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
27°
42°
Feb
28°
44°
Mar
34°
51°
Apr
43°
60°
May
52°
70°
Jun
61°
79°
Jul
67°
83°
Aug
66°
82°
Sep
60°
77°
Oct
49°
67°
Nov
40°
57°
Dec
31°
46°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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