Dual-Frontage Mixed-Use
For Sale
Contact for pricing
504-506 Washington Street, Cape May, NJ 08204
Single parcel combines retail, office, residential, and bakery spaces.
Property Size5,400 SF
Price / SF$1,111
Days on Market11
Property Features for 504-506 Washington Street
General Information
Standard status
Active
Size
5,400 SF
Property subtype
Land
Occupancy
100%
Additional Details
Gross Income
$255,600
Road Access
Yes
Office Units
1
Building Details
Units
5
Tenancy
Multi
Listing Agency:
HOFFMAN AGENCY
Listed By:
Jackson VonSavage · License #1536347
Source:
Crexi
Added: Aug 20
Changed: Aug 28
Last Checked: Aug 28 at 7:31AM
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 mixed-use property comprises a contiguous parcel with frontage on Washington Street Mall and Carpenter's Lane. The Washington Street improvements include two storefronts, each measuring 20 by 80 feet, with approximately 1,600 square feet in the 504 space and 40 feet of combined mall frontage. Upper-level office and support space sits above 504, while a separate residential apartment occupies another portion of the building.
At the rear, 510 Carpenter's Lane provides a 30-by-25.5-foot space with its own address, frontage, and access from the second street. The space operates as a bakery. The property includes five tenancies across four use types, with commercial lease terms extending through December 2028, December 2029, and January 2029. Two additional spaces are held on short-term arrangements, and the bakery lease includes a mutual renewal option. Municipal approval and historic district review would apply to any condominium conversion.
At the rear, 510 Carpenter's Lane provides a 30-by-25.5-foot space with its own address, frontage, and access from the second street. The space operates as a bakery. The property includes five tenancies across four use types, with commercial lease terms extending through December 2028, December 2029, and January 2029. Two additional spaces are held on short-term arrangements, and the bakery lease includes a mutual renewal option. Municipal approval and historic district review would apply to any condominium conversion.
Key Highlights
- Contiguous parcel with frontage on both Washington Street Mall and Carpenter's Lane
- Two 20‑by‑80‑foot Washington Street storefronts with 40 feet of combined mall frontage
- 504 Washington Street includes approximately 1,600 square feet of retail space
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
955
Businesses Nearby
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 Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Single parcel combines retail, office, residential, and bakery spaces.
Where is this mixed-use property located?
The property is located at 504-506 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: Contiguous parcel with frontage on both Washington Street Mall and Carpenter's Lane; Two 20‑by‑80‑foot Washington Street storefronts with 40 feet of combined mall frontage; 504 Washington Street includes approximately 1,600 square feet of retail space
