Multi-Tenant Mall
For Sale
Contact for pricing
513 Washington Street, Cape May, NJ 08204
Masonry construction supports three mercantile licenses along a pedestrian retail corridor.
Property Size8,750 SF
Price / SF$685.71
Days on Market12
Property Features for 513 Washington Street
General Information
Standard status
Active
Size
8,750 SF
Property subtype
Land
Building Details
Buildings
1
Units
3
Construction
masonry block
Tenancy
Multi
Listing Agency:
HOFFMAN AGENCY
Listed By:
Jackson VonSavage · License #1536347
Source:
Crexi
Added: Aug 20
Changed: Aug 30
Last Checked: Aug 30 at 6:18PM
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 Cape May commercial building contains 8,750 square feet of property area and a 6,015-square-foot masonry block footprint. The improvements include a three-level front section and a separate rear section with two stories. The upper levels are configured with office space, while the second floor of the rear section includes a two-bedroom layout.
The property accommodates three separate mercantile commercial tenancies and carries three mercantile licenses. One confectionery tenant has a lease extending through January 31, 2031. Located at 513 Washington Street on the Washington Street Mall, the building occupies a deep position within Cape May’s pedestrian retail corridor. Additional stories may be considered subject to municipal approvals and historic district review.
The property accommodates three separate mercantile commercial tenancies and carries three mercantile licenses. One confectionery tenant has a lease extending through January 31, 2031. Located at 513 Washington Street on the Washington Street Mall, the building occupies a deep position within Cape May’s pedestrian retail corridor. Additional stories may be considered subject to municipal approvals and historic district review.
Key Highlights
- 6,015‑square‑foot masonry block footprint within an 8,750‑square‑foot property
- Three separate mercantile commercial tenancies and three mercantile licenses
- Front section rises three levels with upper‑floor office configuration
Property Analytics
Property Profile
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 construction supports three mercantile licenses along a pedestrian retail corridor.
Where is this storefront property located?
The property is located at 513 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: 6,015‑square‑foot masonry block footprint within an 8,750‑square‑foot property; Three separate mercantile commercial tenancies and three mercantile licenses; Front section rises three levels with upper‑floor office configuration
