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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

Map and Directions

Directions to 509 Rio Grande Avenue, Rio Grande, NJ 08242

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

School Details

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

School Rating: C-

School Details

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

School Rating: D

School Details
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-

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

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
-1.4% Increase in population since the year 2010
24.7%
of households
have children
23 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=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.

-1.4%
Decrease in population
since the year 2010
Population is Trending down
1,995
Total households as of 2010
1.7%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 45.2 years old. The smallest percentage group is 65-74 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 74%
Hispanic 16%
Other 8%
Black 6%
Asian 2%
Native American <1%
The most prevalent ethnicity is White at 74%, followed by Hispanic at 16%, Other at 8%, and Black at 6%.

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

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $75-99,999k representing 19.35% of the households.

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%
Of the total people surveyed, the most prevalent educational attainment level is High School Graduate, representing 34.67% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=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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Copyright © 2025 Monmouth Ocean Regional Realtors and Monmouth Ocean Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is 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. Information being provided is 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.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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