Land with Rental Income
For Sale
$1,299,900
1021-1025-1029 S 47 Route lot 37 38 36, Rio Grande, NJ 08242
LAND - Rio Grande, NJ
Property SizeContact for details
Days on Market556
Property Features for 1021-1025-1029 S 47 Route lot 37 38 36
General Information
Property type
Land
Property subtype
Other
Zoning
COMM/RES
Zoning description
Residential, Multi-Family, Commercial
Lot features
Highway, Mainland
Subdivision
Rio Grande
Standard status
Active
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
12031
Listing Agency:
WEICHERT REALTORS CITY TO SHORE
(609) 886-8200
Listed By:
Daniel Harris · License #0570791
(609) 780-3900
Added: Feb 12, 2025
Changed: May 21
Last Checked: Aug 22 at 8:06AM
MLS# 250368
Copyright © 2026 Cape May County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This large parcel of land, featuring 360 feet of frontage on Route 47 South, is zoned Town Business and includes three rental properties. The property at 1029 S 47 Route is a duplex generating a total monthly rental income of $3,540. The single-family home at 1025 S 47 Route rents for $2,000 per month, and the corner property at 1021 S 47 Route brings in $1,550 monthly. The combined rental income from all three properties is $6,115 per month. The owner intends to sell all three properties together. Permitted uses for the property include retail sales, service uses, restaurants (excluding drive-throughs in the Cape May Court House Overlay Zone), professional offices, banks and similar financial institutions, business offices, health care facilities and services, bed-and-breakfasts, studios, recreational, cultural, and entertainment facilities, automobile, camper, and boat sales (except in the Cape May Court House Overlay Zone), apartments above a permitted commercial use (with a maximum of two units and a maximum floor area of 2,000 square feet per unit), and care facilities. The property is located in Rio Grande, NJ.
Key Highlights
- Large parcel with 360 feet of frontage on Route 47 South.
- Zoned Town Business, offering diverse development opportunities.
- Currently includes three rental properties generating a total of $73,380 annual income.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
103
Businesses Nearby
Explore this area
Business Placement
Demographics for 08242, NJ
4,067
Population
2,083
Households
2
Avg Household Size
47
Median Age
31%
College-Educated
92%
High-School Grad
4.8 sq mi
ZIP Area
847
Density / Sq Mi
$97,831
Median Household Income
$34,290
Median Earnings
$1,486
Median Rent
$306,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Large parcel zoned for business with existing rental income.
Where is this commercial land located?
The property is located at 1021-1025-1029 S 47 Route lot 37 38 36 Rio Grande, NJ.
What is the asking price?
The asking price for this property is $1,299,900.
What are key features of this property?
This property features: Large parcel with **360 feet of frontage on Route 47 South.**; Zoned Town Business, offering diverse development opportunities.; Currently includes three rental properties generating a total of $73,380 annual income.
