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    47 S Rio Grande, NJ 08242

    For Sale
    $1,299,900

    Other - Rio Grande, NJ

    Days on Market:
    130
    Last Refresh:
    Dec 14 at 5:06 am

    Property Features for 47 S

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMM/RES
    Exterior features
    Paved Road, Gas, Electric, Water, Sewer

    Building Details

    Architectural style
    Other

    WEICHERT REALTORS CITY TO SHORE (609) 886-8200

    Listing agent Daniel Harris (609) 886-8200 License #0570791

    Listing date Aug 7, 2025

    MLS# 250368 Listing URL

    Copyright © 2025 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.

    Overview

    Land with Rental Income Potential

    This large parcel of land, zoned for town business and residential use, features 360 feet of frontage on Route 47 South. Currently, there are three rental properties on the land. One property is a duplex, generating a total monthly rental income of $3,540. Another is a single-family home, renting for $2,000 per month, and the third, located on the corner, rents for $1,550 per month. The combined monthly rental income from all three properties is $6,115. The owner intends to sell all three properties together. Permitted uses under the zoning 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.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Rio Grande
    County
    Cape May
    State
    New Jersey
    Longitude
    -74.8749
    Latitude
    39.0203

    Nearby Similar for Sale

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      Established Car Wash Business Opportunity

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      Redevelopment Opportunity with Ongoing Income

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    • Contact for pricing

      Pad Sites Available For Sale

      Pad sites up to ±10,000 SF available.
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    FAQs

    What type of property is this?
    Duplex - Large parcel with three rental properties and business zoning.
    Where is this duplex located?
    The property is located at 47 S 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 a wide range of permitted uses.; - Currently includes three rental properties generating $6,115 monthly income.
    (609) 886-8200
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    47 S Rio Grande, NJ 08242
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    47 S Rio Grande, NJ 08242
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