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    202 Ocean St Cape May, NJ 08204

    For Sale
    $3,995,000

    Bed and Breakfast - Cape May, NJ

    Property size:
    3,565 SF
    Days on Market:
    54
    Last Refresh:
    Dec 5 at 9:06 am

    Property Features for 202 Ocean St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Fire Alarm, Security System
    Zoning
    R-S
    Parking features
    Off Street, Paved or Surfaced
    Interior features
    Living Space Available, Restroom, Security System, Smoke/Fire Alarm, Storage
    Exterior features
    Storage Building
    Size
    3,565 SF

    Utilities

    Heating system
    Hot Water (Heating), Natural Gas, Other (Heating)
    Cooling system
    Ceiling Fan(s)

    Building Details

    Year built
    1890
    Number of units
    9
    Flooring type
    Hardwood
    Building materials
    Frame
    Architectural style
    Other
    Additional Structures
    Storage

    Tim Kerr's Power Play Realty (609) 602-0025 [email protected]

    Listing agent Christina P. Clemans, ABR, CRS, GRI (609) 602-0025 License #8243432

    Listing date Oct 13, 2025

    MLS# 253034 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

    Historic Cape May Bed & Breakfast

    Captain Mey’s Inn is a historic turn-of-the-century bed and breakfast situated in Cape May’s Center City, within walking distance of the Washington Street mall and beaches. The inn features 8 guest rooms, each with a private bath, woodwork, and craftsmanship throughout. A wraparound porch offers a place to unwind. The office quarters, originally designed as the doctor’s visiting room, provides a glimpse of the home’s character. The Captain’s Quarters includes a private bath, a side entrance from the hall, and porch access. An intricately detailed hallway leads to the parlor-style living room, which flows into the formal dining room. The main level continues with a generously sized kitchen, a laundry room with access to a dedicated parking space complete with an electric vehicle charging station, and a utility room offering access to the expansive parking lot. Upstairs, four bedrooms each feature private baths, while a fifth bedroom is serviced by a hall bath. The third-floor landing opens to two bedrooms, each with whirlpool baths. The owner’s quarters includes 3 bedrooms and 2 baths, a living room, and a fully equipped kitchen, with both interior and exterior access. The adjacent lot at 206 Ocean Street is included in the sale and currently serves as off-street parking and a courtyard area, with potential space for a pool or expansion of the courtyard. This turnkey inn is an active operational business. The property size is 3565 square feet. Most furnishings are included.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bed & breakfasts

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Nail Salon Food Market Gym & Fitness Skin Care Clinic Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Saltwood House, Prince Albert Hall at the Queen Victoria, The Prince Edward Inn, Abigail Adams Apartments, 2 Atlantic Terrace

    Location Insight

    • Map
    • Local Demand
    City
    Cape May
    County
    Cape May
    State
    New Jersey
    Longitude
    -74.9210715
    Latitude
    38.9323903

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    FAQs

    What type of property is this?
    Bed & breakfast - Turn-key bed and breakfast near Washington Street mall and beaches.
    Where is this bed & breakfast located?
    The property is located at 202 Ocean St Cape May, NJ.
    What is the asking price?
    The asking price for this property is $3,995,000.
    What are key features of this property?
    This property features: - Prime location: Steps from Washington Street Mall and beaches in Cape May's Center City.; - Turnkey, operational Bed & Breakfast with **8 guest rooms, each with private bath.**; - Includes adjacent lot (206 Ocean Street) for parking/courtyard with pool/expansion potential.
    (609) 602-0025
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    202 Ocean St Cape May, NJ 08204
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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
    202 Ocean St Cape May, NJ 08204
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