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    236 S Bayview Strathmere, NJ 08248

    For Sale
    $4,975,000

    Restaurant - Strathmere, NJ

    Property size:
    3,856 SF
    Days on Market:
    278
    Last Refresh:
    Dec 13 at 12:06 pm

    Property Features for 236 S Bayview

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Fire Alarm, Security System
    Zoning
    RR
    Parking features
    Off Street, Paved or Surfaced
    Interior features
    Handicap Features, Living Space Available, Restroom, Security System, Smoke/Fire Alarm, Storage
    Exterior features
    Dock/Pier/Slip, Storage Building, Sign, Fence
    Dock
    1
    Fencing
    Fenced
    Accessibility
    Accessible Approach with Ramp
    Size
    3,856 SF

    Utilities

    Heating system
    Electric (Heating), Forced Air, Natural Gas
    Cooling system
    Ceiling Fan(s), Central Air, Zoned

    Building Details

    Year built
    1929
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Hardwood, Linoleum, Vinyl
    Building materials
    Frame, Other, See Remarks
    Architectural style
    Other
    Additional Structures
    Storage

    GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY (609) 399-2500

    Listing agent Burton Wilkins (609) 399-2500 License #8743449

    Listing date Mar 11, 2025

    MLS# 250693 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

    Established Bayfront Restaurant For Sale

    This established bayfront restaurant, located in Strathmere, offers a rare opportunity for ownership. Known for its friendly service, food, drinks, and bay views with sunsets, this restaurant has been a local tradition for 95 years. The restaurant underwent a major renovation in 2010, enhancing its charm while preserving its history, including the mahogany bar dating back to 1929. The restaurant and bar are decorated with nautical décor, carved coconut heads, and vintage memorabilia. The restaurant offers seating for 98 guests indoors and 25 for outdoor dining on the deck, with waterfront views. The lower terrace can accommodate seating for an additional 50 guests. Five boat slips are available. The operation includes a fully equipped commercial kitchen, a dedicated wait station, and a bar. The restaurant and bar are equipped with acoustic soundproofing panels. The property also features a 2nd floor residence accessible via a private entrance. This retreat boasts a spacious open living area adjoining a large private deck with bay and sunset views, a kitchen with granite counters and stainless steel appliances, a bedroom, bathroom and laundry. The entire building has a fire suppression and central fire/alarm system. The living area is 3856 square feet.
    Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Building Supply Travel Agency Bed & Breakfast Breakfast Seafood Restaurant Hotel & Motel Realty agency Gym & Fitness Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Strathmere
    County
    Cape May
    State
    New Jersey
    Longitude
    -74.6605
    Latitude
    39.1946

    Nearby Similar for Sale

    • $4,975,000

      Established Bayfront Restaurant Opportunity

      Established waterfront restaurant and bar with residence in Strathmere, NJ.
      236 S Bayview Dr, Strathmere, NJ 08248
      View Details

    FAQs

    What type of property is this?
    Bar - Established bayfront restaurant in Strathmere, NJ with living quarters.
    Where is this bar located?
    The property is located at 236 S Bayview Strathmere, NJ.
    What is the asking price?
    The asking price for this property is $4,975,000.
    What are key features of this property?
    This property features: - Established, Profitable Bayfront Restaurant: A turnkey operation with a loyal customer base and proven success.; - Breathtaking Bay Views & Outdoor Seating: Offers stunning sunset views and multiple outdoor seating areas accommodating up to 75 guests.; - Fully Equipped Commercial Kitchen & Bar: Includes a large, fully equipped commercial kitchen and bar.
    (609) 399-2500
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    236 S Bayview Strathmere, NJ 08248
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    Strathmere, NJ 08248
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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
    236 S Bayview Strathmere, NJ 08248
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