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Masonry Storefront With Upper-Floor Volume
New
For Sale
$6,000,000

502 Washington Street, Cape May, NJ 08204

COMMERCIAL - Cape May, NJ

Property Size3,683 SF
Lot Size0.07 Acres
Price / SF$1,629
Days on Market4

Property Features for 502 Washington Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning c-1
Interior features Fire Sprinkler System
Lot features Shopping Center
Subdivision Cape May
Standard status Active
Size 3,683 SF
Lot size 0.07 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 23279

Utilities

Heating system Natural Gas
Cooling system Central Air

Building Details

Year built 1928
Number of units 2
Listing Agency: HOFFMAN AGENCY
Listed By: Jackson VonSavage · License #1536347
Added: Aug 19 Last Checked: Aug 22 at 5:06AM
MLS# 262296

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

Located at 502 Washington Street in Cape May, this 3,683-square-foot masonry commercial building dates to 1928 and occupies a position at the head of the Washington Street Mall. The property includes a ground-floor storefront and a rear commissary kitchen, with fire sprinkler protection, central air, and natural-gas heating. Zoning is C-1.

The second floor remains unfinished, and additional height above the existing drop ceiling provides room for a possible third level, subject to planning and approvals. The property is on a 0.0699-acre parcel in Cape May County, with existing commercial improvements suited to retail and food-related occupancy.

Key Highlights

  • 3,683‑square‑foot masonry commercial building constructed in 1928
  • Ground‑floor storefront plus rear commissary kitchen
  • Unfinished second floor with additional volume above the drop ceiling

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Nail Salon Auto Repair Shop Grocery & Convenience Store (Bike/Boat/Book/etc) Store Daycare Center Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

955
Businesses Nearby
Under-served
Demand for This Use

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

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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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 - Cape May commercial building with an operating storefront, commissary kitchen, and unfinished upper-level space for future buildout.
Where is this storefront property located?
The property is located at 502 Washington Street 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: 3,683‑square‑foot masonry commercial building constructed in 1928; Ground‑floor storefront plus rear commissary kitchen; Unfinished second floor with additional volume above the drop ceiling
More about this property
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