Commercial Building on Busy Corner

780 Route 47 N, Cape May Court House, NJ 08210

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For Sale

$549,999

Retail food market building on a desirable 1.7-acre corner lot.

Property size:

2,000 SF

Lot size:

1.70 Acres

Price / SF:

$274/SF

HighLights

High‑traffic corner location on Route 47 and Court House‑South Dennis Road.
Versatile 2,000 sq ft commercial building suitable for various businesses.
Large 1.7‑acre lot with ample parking in front and rear.
Previous use as a restaurant/diner, suggesting existing infrastructure.
ADT alarm system in place.
Potential transfer of NJ Lottery machine.

We can help!

Contact an agent

Diane V. Walker

For Sale

$549,999

Retail food market building on a desirable 1.7-acre corner lot.

Property size:

2,000 SF

Lot size:

1.70 Acres

Price / SF:

$274/SF

Added:: May 8, 2025
Days on Market:: 426
Last Refresh:: Jun 30 at 4:44 am

Property Features for 780 Route 47 N

General Information

Standard status: Active
Size: 2,000 SF
Lot size: 1.70 Acres

We can help!

Contact an agent

Diane V. Walker

Listing office Coldwell Banker James C Otton Real Estate - CMCH

Listing date May 8, 2025

Source Exprealty

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 Coldwell Banker James C Otton Real Estate - CMCH

HighLights

High‑traffic corner location on Route 47 and Court House‑South Dennis Road.
Versatile 2,000 sq ft commercial building suitable for various businesses.
Large 1.7‑acre lot with ample parking in front and rear.
Previous use as a restaurant/diner, suggesting existing infrastructure.
ADT alarm system in place.
Potential transfer of NJ Lottery machine.

Overview

This commercial building, approximately 2,000 square feet (40x50 per Dennis Twp. Tax assessor), is currently used as a retail food market business. Located on the busy corner of Route 47 and Court House-South Dennis Road in South Dennis, it offers many possibilities for a business. The property is situated on a 1.7-acre lot. Previously, the building was used as a restaurant/diner for many years. An ADT alarm system and a NJ Lottery machine are currently in place, which may be transferable upon the sale of the property. The sale includes the building only, with ample parking available in the front and rear. Inventory, furnishings, and equipment are to be sold separately or negotiated prior to closing. The property is to be sold "AS IS", with buyers responsible for all inspections and due diligence inspections as per Dennis Township requirements.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$43.2k	$21.60
− Vacancy	−$2.6k	−$1.30
EGI	$40.6k	$20.30
− OpEx	−$10.2k	−$5.08
NOI	$30.5k	$15.23

2,000 SF · lease $21.60/SF/yr · vacancy 6.00% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$435.1K

$380.7K – $507.6K (±1% cap)

NOI $30,456 @ 7.0% cap · market cap 5.54%

Second Best

Retail

$331.2K

$289.8K – $386.4K (±1% cap)

NOI $23,184 @ 7.0% cap · market cap 4.22%

Theoretical Best

Office A

$612.2K

$535.7K – $714.2K (±1% cap)

NOI $42,854 @ 7.0% cap · market cap 7.79%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Grocery and convenience stores

Suggested Use

Location Insight

Map
Local Demand

City: Cape May Court House
County: Cape May
State: New Jersey
Longitude: -74.8732
Latitude: 39.1131

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What type of property is this?

Grocery and convenience store - Retail food market building on a desirable 1.7-acre corner lot.

Where is this grocery and convenience store located?

The property is located at 780 Route 47 N Cape May Court House, NJ.

What is the asking price?

The asking price for this property is $549,999.

What are key features of this property?

This property features: High‑traffic corner location on Route 47 and Court House‑South Dennis Road.; Versatile 2,000 sq ft commercial building suitable for various businesses.; Large 1.7‑acre lot with ample parking in front and rear.