Masonry Storefront with Expansion
New
For Sale
$6,000,000
502 Washington, Cape May, NJ 08204
Masonry commercial building with a ground-floor storefront, rear commissary kitchen, and unfinished upper-level space.
Property SizeContact for details
Days on Market6
Property Features for 502 Washington
General Information
Standard status
Active
Property subtype
Commercial and Industrial
Zoning
c-1
Additional Details
Gross Income
$202,000
Taxes and HOA fees
Annual Taxes
$23,279
Building Details
Year Built
1928
Buildings
1
Stories
2
Units
2
Construction
masonry
Tenancy
Multi
Listing Agency:
HOFFMAN AGENCY
(609) 478-0333
Listed By:
John Burke · License #1536347
(609) 478-0333
Source:
Johnburkeandco.idxbroker
Added: Aug 25
Changed: Aug 29
Last Checked: Aug 30 at 1:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HOFFMAN AGENCY
Investment Insights
Based on property information with market context.
This masonry storefront property at 502 Washington Street includes a ground-floor retail storefront and a rear commissary kitchen, providing two existing leased components within the building. The property also contains an unfinished second floor, with additional vertical volume above the drop ceiling that may support future interior expansion, subject to applicable approvals.
The building occupies a prominent position at the head of the Washington Street Mall in Cape May, NJ. Its architectural character and placement within the pedestrian retail corridor provide a distinctive commercial setting. Existing leases extend into the future, allowing planning for any renovation or build-out while the current occupants remain in place.
The building occupies a prominent position at the head of the Washington Street Mall in Cape May, NJ. Its architectural character and placement within the pedestrian retail corridor provide a distinctive commercial setting. Existing leases extend into the future, allowing planning for any renovation or build-out while the current occupants remain in place.
Key Highlights
- Masonry commercial building at 502 Washington Street, Cape May, NJ 08204
- Ground‑floor storefront on the Washington Street Mall
- Rear commissary kitchen provides a second leased component
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
955
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08204, NJ
17,090
Population
13,101
Households
1.3
Avg Household Size
54
Median Age
38%
College-Educated
95%
High-School Grad
20.5 sq mi
ZIP Area
834
Density / Sq Mi
$80,782
Median Household Income
$46,104
Median Earnings
$1,149
Median Rent
$399,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Wild&Crafted — 120 Park Blvd, Cape May, NJ 08204
Frequently Asked Questions
What type of property is this?
Storefront property - Masonry commercial building with a ground-floor storefront, rear commissary kitchen, and unfinished upper-level space.
Where is this storefront property located?
The property is located at 502 Washington Cape May, NJ.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: Masonry commercial building at 502 Washington Street, Cape May, NJ 08204; Ground‑floor storefront on the Washington Street Mall; Rear commissary kitchen provides a second leased component
