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Multi-Story Mixed-Use Building
New
For Sale
$6,000,000

513 Washington Street, Cape May, NJ 08204

COMMERCIAL - Cape May, NJ

Property Size8,750 SF
Lot Size13.81 Acres
Price / SF$685.71
Days on Market4

Property Features for 513 Washington Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning c-1
Subdivision Cape May
Standard status Active
Size 8,750 SF
Lot size 13.81 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 26838

Utilities

Heating system Natural Gas
Cooling system Central Air

Building Details

Number of units 3
Listing Agency: HOFFMAN AGENCY
Listed By: Jackson VonSavage · License #1536347
Added: Aug 19 Last Checked: Aug 22 at 12:06PM
MLS# 262299

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 513 Washington Street on Cape May’s Washington Street Mall, this mixed-use property combines masonry block construction with 8,750 square feet of property area and a reported 6,015-square-foot building footprint. The structure includes three mercantile commercial tenancies supported by three licenses, providing a configuration uncommon among nearby mall buildings.

The front portion extends across three levels, with upper floors currently arranged as office space. The rear section includes a second-floor two-bedroom layout. The property is zoned C-1 and has natural gas heat and central air conditioning. Its position on a pedestrian retail corridor places commercial space and upper-level areas within the same building.

Key Highlights

  • 8,750 square feet of property area with a reported 6,015‑square‑foot masonry block footprint
  • Three mercantile commercial tenancies supported by three licenses
  • Front section spans three levels with upper floors configured as office space

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

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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Frequently Asked Questions

What type of property is this?
Mixed-use property - Masonry construction with three mercantile licenses along Cape May’s pedestrian Washington Street Mall.
Where is this mixed-use 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: 8,750 square feet of property area with a reported 6,015‑square‑foot masonry block footprint; Three mercantile commercial tenancies supported by three licenses; Front section spans three levels with upper floors configured as office space
More about this property
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