Cape May County, Cape May, NJ 08204

CAPE MAY POTENTIAL TWO-LOT DEVELOPMENT OPPORTUNITY 931 Woolson Road, Cape May, NJ 08204 PRICE STARTING AT: $215,000 PROPERTY OVERVIEW Vacant 15,002-square-foot parcel offering potential subdivision into two residential building lots. The existing parcel measures approximately 120 feet by 125 feet. A proposed subdivision would create two approximately 60-foot by 125-foot lots containing roughly 7,500 square feet each. PROPERTY DETAILS Property Type: Vacant Residential Land Parcel Size: 15,002 Square Feet / 0.344 Acres Dimensions: Approximately 120 Feet × 125 Feet Zoning: R-3 Mainland Residential Block: 480 Lot: 129 2025 Property Taxes: Approximately $1,365 Public Water: Reported Available Public Sewer: Availability and connection requirements must be confirmed Flood Risk: Appears Minimal DEVELOPMENT POTENTIAL Potential subdivision into two residential lots Approximately 7,500 square feet per proposed lot Approximately 60 feet of frontage per proposed lot R-3 sewered minimum lot area: 7,500 square feet R-3 sewered minimum lot depth: 90 feet Required frontage: 75 feet Proposed frontage: 60 feet Frontage variance required Nearby frontage-variance precedent provides a positive indicator Potential construction of one single-family home on each approved lot PROJECTED NEW-CONSTRUCTION RESALE Estimated resale potential is approximately $550,000 to $650,000 or more per completed home, depending on square footage, design, finishes, market conditions, and final municipal approvals. RECENT NEW-CONSTRUCTION COMPS 807 Walnut Street, Cape May, NJ 082043 Bedrooms | 2 Bathrooms | 1,430 Square FeetSold for $486,500 on June 12, 2026 939 Myrna Avenue, Erma, NJ 082044 Bedrooms | 2 Bathrooms | 1,650 Square FeetSold for $540,000 on February 27, 2026 942 Carol Avenue, Cape May, NJ 082043 Bedrooms | 3 Bathrooms | 2,401 Square FeetSold for $649,990 on September 11, 2025 INVESTMENT HIGHLIGHTS Potential two-home development project Strong new-construction resale activity Desirable Cape May-area location Low annual property taxes Suitable for builders, developers, and land investors Opportunity to pursue subdivision and maximize the parcel’s value The property is currently one unsubdivided parcel. Subdivision, frontage variance, sewer connection, utilities, building plans, and all municipal approvals are subject to the buyer’s independent due diligence. Projected resale values are estimates and are not guaranteed. FOR ADDITIONAL INFORMATION OR TO SUBMIT AN OFFER, CALL OR TEXT HARSHIL AT [contact details hidden]. SUBMIT ALL OFFERS WITH PROOF OF FUNDS TO [contact details hidden] .