795 Rte 109 Cape May, NJ 08204-4690
Exceptional opportunity to acquire a well-established, 100% occupied gas station and auto repair shop in Cape May, New Jersey. Located at 795 Route 109 Unit B, this turnkey operation includes real estate, business, and all fixtures, furniture, and equipment (FF&E). Situated on a 39,303 sq ft lot, the property boasts a prime location at the junction of Route 109, Ocean Drive, and Exit 0 of the Garden State Parkway, offering high visibility and convenient access. Built in 1993, the single-building property is zoned GB and operates as a commercial condominium (condo docs available). This high-volume business has been successfully managed for over twenty years and is now offered for sale due to the owners' retirement. Complete financial records are available to qualified buyers. The property is four miles from the nearest competitor (Super Wawa), ensuring a strong market position. This represents a rare chance to own a profitable, established business in a desirable coastal location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
GB · Cape May, NJCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.