202 Ocean St Cape May, NJ 08204
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 202 Ocean St
- Property type
- Commercial real estate
Description
Captain Mey's Inn, a renowned Cape May bed and breakfast, presents a unique investment opportunity. This iconic property, located at 202 Ocean Street in Cape May, New Jersey (zip code 08204), is a three-story building encompassing 7,900 square feet on a single lot. The property features nine beautifully renovated bedrooms, each with its own bathroom, offering a total of nine units. Its prime location, just two blocks from the Cape May Mall and the beach, ensures high occupancy rates. The charming exterior includes a wrap-around porch, perfect for enjoying the seaside breeze. The interior boasts exquisite millwork and meticulous attention to detail, showcasing exceptional craftsmanship throughout. A significant advantage is the inclusion of a neighboring parking lot at 206 Ocean Street, providing ample off-street parking for guests – a rare and valuable asset in Cape May. Currently operating as a successful business, this property is offered at an asking price of $4,750,000 with an occupancy date of October 20, 2024. This is a chance to acquire a piece of Cape May history and a thriving hospitality business. Serious inquiries only. Appointments are required to view the property.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cape May
- County
- Cape May
- State
- New Jersey
- Longitude
- -74.921058326958
- Latitude
- 38.932446465988
