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1228 New Jersey Ave
Cape May, NJ 08204
Retail Property For Sale


EXECUTIVE SUMMARY
1228 Route 109 'On the Way to Cape May' after the big bridge sits Schellengers Landing of Lower Township. Quaint area recently updated with red brick sidewalks and pedestrian cross walks. Located in the Marina District where SJ Marina is directly across the street hosting some of the biggest fishing tournaments. At the end of the street is the Cape May Whale Watch. Surrounded by the most popular restaurants the Lobster House with the Raw Bar and Schooner, Lucky Bones, and Mayer's Tavern known for their scallops fresh off the boats. The Marina District is seeing lots of brand new development with townhouses in the 1.5 to 3.5m range. The building is over 6,000. sq. ft. With plenty of off street parking along with the driveway behind the building that stretches from 1st Ave. to 2nd Ave. The property has been many things in history: A hosiery factory, a machine shop, a dry dock boat repair, a marine supply business with a grocery and sandwich take out. The Antique shop has been a great tenant for the past 30+ years with over 70 vendors. There is a 2nd floor over part of the building that has a small office with kitchen and bath.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,000 SF
Building Class
C
Year Built
1956
Price
$5,419,400 CAD
Price Per SF
$903.23 CAD
Tenancy
Single
Building Height
2 Stories
Parking
9 Spaces (1.5 Spaces per 1,000 SF Leased)
Frontage
92’ on New Jersey 109
PROPERTY TAXES
| Parcel Number | 05-00766-0000-00004 | Improvements Assessment | $284,087 CAD |
| Land Assessment | $299,083 CAD | Total Assessment | $583,170 CAD |
PROPERTY TAXES
Parcel Number
05-00766-0000-00004
Land Assessment
$299,083 CAD
Improvements Assessment
$284,087 CAD
Total Assessment
$583,170 CAD
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