Here is a unique opportunity to purchase an oversized corner property with a home, guest quarters, & potential for future development. The lot is approx 130' wide frontage on Delaware Ave facing the Bay & 129' depth on Pinetree Dr. According to tax records this 16,770 square foot lot may be suitable for a subdivision or possibly a duplex. It was used as a year-round single family home with a rentable detached cottage, the prior owner claimed it was renting for $1200/week in summer. Also just enjoy having an oversized yard across from the bay...great place to add a pool! This property offers an array of options for the next owner. With the potential to possibly split this lot in two you could update the current home adding a second floor to obtain amazing bay views from the corner lot and possibly build a brand new single family that could also offer bay views. You may lose the ability to have the rental unit out back & need to take down the screen porch with the subdivision but I think it will be worth it to create a spectacular new home across from the bay. Perhaps an attached duplex or two brand new single family homes would be best for you to build & sell. The home itself has vinyl siding a newer roof (approx. 5-6 years according to prior owner),natural gas heat, central air, & electric baseboard heat for backup. Sold As-Is with buyer responsible for any approvals after closing

Listing courtesy of SJSRMLS / Re/Max Surfside-Cape May

Last checked: Checking… • Last updated Apr 21, 2024 • Source: SJSRMLS

MLS# 562075 — Report a problem