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    202 Perry St Cape May, NJ 08204

    For Sale
    $3,900,000

    Hotel - Cape May, NJ

    Days on Market:
    160
    Last Refresh:
    Dec 4 at 11:06 pm

    Property Features for 202 Perry St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Fire Alarm
    Zoning
    R-S
    Interior features
    220 Volt Electricity, Living Space Available, Smoke/Fire Alarm, Storage
    Exterior features
    Fence
    Fencing
    Fenced

    Utilities

    Utilities
    Electricity Available
    Heating system
    Hot Water (Heating), Natural Gas
    Cooling system
    Ceiling Fan(s)

    Building Details

    Year built
    1875
    Floors in Building
    3
    Number of units
    16
    Flooring type
    Carpet, Carpet - Full, Hardwood, Linoleum, Vinyl
    Building materials
    Frame
    Architectural style
    Other

    Dellas Real Estate (609) 425-0103 [email protected]

    Listing agent Kim Marie Dellas, SRES, GRI, ABR, SRS (609) 425-0103 License #8739689

    Listing date Jun 29, 2025

    MLS# 251138 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

    Cape May Hotel Opportunity

    The Clinton Hotel, a multi-family building with an attached 2-bedroom cottage, is centrally located on a corner lot, two blocks from the beach. The three-story dwelling features 16 rental rooms, two full bathrooms, and two half bathrooms on the second and third floors. The first floor includes owner's quarters with three bedrooms and one bathroom, with some heat provided (the gas heat is not functional and will not be repaired). The property for sale includes the land and premises at 202 Perry Street, Cape May, NJ, with a lot size of approximately 80x98 ft irregular. Also included is an adjoining lot on S Lafayette Street, approximately 52x100 ft. The buyer is responsible for confirming the 16 parking spaces. There is a Right of Way over the Westerly 10 ft of Tract #1 of the premises as granted in a deed from William G. Nixon Executor of the Will of Jonas Miller to Samuel Cook dated May 30, 1870. The buyer must confirm all measurements with a new survey, as the seller does not have one. The property is zoned R-S.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Law Firm Realty agency Spa & Massage Dental Office Restaurant Nail Salon Building Supply Gym & Fitness Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Cape May
    County
    Cape May
    State
    New Jersey
    Longitude
    -74.924787
    Latitude
    38.932307

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    FAQs

    What type of property is this?
    Hotel - Centrally located hotel with rental rooms and cottage near beach.
    Where is this hotel located?
    The property is located at 202 Perry St Cape May, NJ.
    What is the asking price?
    The asking price for this property is $3,900,000.
    What are key features of this property?
    This property features: - Prime location: Centrally located corner lot, just 2 blocks from the beach in Cape May.; - Multi-family income potential: Features 16 rental rooms plus an attached 2-bedroom cottage.; - Includes a 3-bedroom\/1-bath owner's suite on the first floor.
    (609) 425-0103
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    202 Perry St Cape May, NJ 08204
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    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

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    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 Perry St Cape May, NJ 08204
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