Corner Grocery Store
780 Rt-47, Cape May Court House, NJ 08210
For Sale
$499,000
COMMERCIAL/INDUSTRIAL, Cape May Court House, NJ
Property Size2,000 SF
Lot Size1.70 Acres
Price / SF$249.50
Days on Market551
Property Features for 780 Rt-47
General Information
Property type
Property subtype
Zoning
Interior features
Lot features
Directions
Subdivision
Standard status
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Cooling system
Water source
Building Details
Year built
Number of units
Flooring type
Listing Agency:
COLDWELL BANKER JAMES C OTTON RE INC-CAPE MAY CTHS · Coldwell Banker Real Estate
(609) 463-1400
Listed By:
PAMELA BAILEY VERITY · License #8837486
(609) 425-2550
Added: May 8, 2025
Changed: Oct 21
Last Checked: Nov 9 at 5:06AM
MLS# 607633
Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This approximately 2,000-square-foot commercial building occupies a 1.7-acre property and is currently configured for use as a retail food market. The building includes a restroom, linoleum and concrete flooring, central air conditioning, and heating supported by natural gas and propane. Constructed in 1955, the property is served by a well and includes parking at both the front and rear.
The building sits at the corner of Route 47 and Court House-South Dennis Road in South Dennis. Its prior use was as a restaurant and diner, providing documented commercial food-service history in addition to the current retail market use. An ADT alarm system and NJ Lottery machine are currently on site and may be transferable, subject to agreement. Inventory, furnishings, and equipment are separate from the building and may be negotiated before closing.
The building sits at the corner of Route 47 and Court House-South Dennis Road in South Dennis. Its prior use was as a restaurant and diner, providing documented commercial food-service history in addition to the current retail market use. An ADT alarm system and NJ Lottery machine are currently on site and may be transferable, subject to agreement. Inventory, furnishings, and equipment are separate from the building and may be negotiated before closing.
Key Highlights
- Approximately 2,000 square feet on 1.7 acres
- Corner location at Route 47 and Court House‑South Dennis Road
- VC zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,456
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$609,120
$609.1K
Cap Rate 7%
$435,086
$435.1K
Cap Rate 9%
$338,400
$338.4K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$43.2K $21.60/SF
− Vacancy
−$2.6K −$1.30/SF
EGI
$40.6K $20.30/SF
− OpEx
−$10.2K −$5.08/SF
NOI
$30.5K $15.23/SF
Area
Cape May County, NJ
Vacancy
6.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$609,120
Cap Rate 7%
$435,086
Cap Rate 9%
$338,400
Alternative Uses
Best Use
Specialty Retail
$435.1K
$380.7K – $507.6K
NOI $30,456 @ 7.0% cap · market cap 6.10%
Second Best
Retail
$331.2K
$289.8K – $386.4K
NOI $23,184 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$612.2K
$535.7K – $714.2K
NOI $42,854 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08210, NJ
17,635
Population
8,374
Households
2.1
Avg Household Size
47
Median Age
33%
College-Educated
93%
High-School Grad
68.5 sq mi
ZIP Area
257
Density / Sq Mi
$93,855
Median Household Income
$48,086
Median Earnings
$1,538
Median Rent
$337,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Commercial building with VC zoning, central air, a restroom, and parking areas at the front and rear.
Where is this grocery and convenience store located?
The property is located at 780 Rt-47 Cape May Court House, NJ.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Approximately 2,000 square feet on 1.7 acres; Corner location at Route 47 and Court House‑South Dennis Road; VC zoning
