Renovated Restaurant and Bar
New
For Sale
$4,200,000
991 Ocean Drive, Cape May, NJ 08204
Restaurant and bar building with water views, outdoor dining, and MD-2 zoning.
Property Size4,500 SF
Lot Size0.47 Acres
Price / SF$931.26
Days on Market4
Property Features for 991 Ocean Drive
General Information
Standard status
Active
Size
4,500 SF
Total Parking Spaces
30
Lot size
0.47 Acres
Property subtype
Restaurant
Zoning
MD-2
Restaurant
Patio
Yes
Equipment Included
No
Liquor License
No
Additional Details
Furnished
No
Building Details
Building Size
4,500 SF
Year Built
1970
Year Renovated
2017
Buildings
1
Listing Agency:
LONG & FOSTER REAL ESTATE, INC cm
Listed By:
Gail Wilsey-Morrison, CRS, ABR, SRES · License #432
(609) 602-0405
Source:
Teamoceanside
Added: Sep 17
Changed: Sep 19
Last Checked: Sep 20 at 11:03AM
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 LONG & FOSTER REAL ESTATE, INC cm
Investment Insights
Based on property information with market context.
This restaurant and bar property includes a 4,510-square-foot building on a 20,647-square-foot lot measuring 190 feet by 110 feet. The structure was renovated in 2017 and includes vaulted ceilings, mahogany-paneled walls, quarry tile flooring, a walk-in refrigerator, and a partial basement beneath the bar for storage. An exterior dining area offers water views within the Marine District.
The property fronts Ocean Drive for 190 feet and provides 30 parking spaces. It is positioned along the causeway connecting Cape May with the barrier islands and serves as a gateway to Diamond Beach. The site is located in the MD-2 Marine Development Commercial zoning district.
The offering consists of the real estate only. The business, liquor license, furniture, equipment, personal property, and other business assets are excluded from the sale.
The property fronts Ocean Drive for 190 feet and provides 30 parking spaces. It is positioned along the causeway connecting Cape May with the barrier islands and serves as a gateway to Diamond Beach. The site is located in the MD-2 Marine Development Commercial zoning district.
The offering consists of the real estate only. The business, liquor license, furniture, equipment, personal property, and other business assets are excluded from the sale.
Key Highlights
- 4,510‑square‑foot restaurant and bar building renovated in 2017
- 20,647‑square‑foot lot measuring 190' x 110'
- 190 feet of frontage on Ocean Drive
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
42
Businesses Nearby
Well-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
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Restaurant - Restaurant and bar building with water views, outdoor dining, and MD-2 zoning.
Where is this restaurant located?
The property is located at 991 Ocean Drive Cape May, NJ.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: 4,510‑square‑foot restaurant and bar building renovated in 2017; 20,647‑square‑foot lot measuring 190' x 110'; 190 feet of frontage on Ocean Drive
