601 Madison Avenue, Cape May, NJ 08204 | MLS 231157 | Listing Information | Berkshire Hathaway HomeServices Fox & Roach, REALTORS | Berkshire Hathaway HomeServices Fox & Roach, REALTORS
FOR SALE
$4,890,000  

601 Madison Avenue
Cape May, NJ 08204

Business Opportunities
Commercial
N/A
Acre Lot
1of
Photos
Map
Courtesy: deSatnick Real Estate LLC - Cape May
Amazing opportunity to own a top-rated small business in one of the Nation's most idyllic coastal communities. The Blue Fish Inn is a classic, mid-century 12 room motel that has been meticulously maintained and continuously updated by its current onsite owner. Located just 6 blocks from the Cape May beaches and the popular Washington Street Mall, the Blue Fish Inn is conveniently situated in a quiet, residential neighborhood. This opportunity includes 12 ground level rooms, a spacious 2-bedroom owner/manager apartment, heated pool, beautifully landscaped grounds, a well-appointed private courtyard, ample storage space with an oversized 2 car garage. Currently operated 11 months out of the year, the Blue Fish Inn is truly an impressive turnkey business. There are 3 classes of rooms- 3 Full Kitchen Suites, 5 Two Room Suites, and 4 Standard Rooms. Every room has been outfitted with stylish, low maintenance Bahama shutters, flat screen TVs, new flooring/carpeting and new vanities. All rooms are independently climate controlled. Mini-split systems, re-glazed tubs and new gas cook tops in the Full Kitchens are just some more examples of the numerous upgrades. The 2-bedroom, 1.5-bathroom apartment has been updated with central air/heat, renovated full bath, new carpeting and paint, and 2 washers/2 dryers. The rear courtyard presents additional amenities to this quaint property, including sitting areas, grills, an outside shower with changing area, bike rack, laundry room with coin-op machines, ice maker and clothesline. A beautiful exterior renovation was just completed this spring. Other notable updates are new flat roof (4 yrs.), new pitched roof over apartment (-1 yr.), 3 new water heaters (3 yrs.) and new windows throughout property. The heated pool has been re-plastered, and an automatic chlorinator has been installed to simplify daily maintenance. Don't miss the opportunity to own this #1 rated, well established, Cape May business.
231157
Business Opportunities, 1 Story
Cape May
Public
1
Block
Public Sewer
12 Total
Interior Features
Cooling
Central Air, Ceiling Fan(s)
Heating
Gas Heat, Electric Heating. .
Security
Smoke Detector(s)
Exterior / Lot Features
Exterior
Block
Lot Dimensions
125x145
Zoning
R1
Community Features
Security Features
Smoke Detector(s)
Complex Features
Smoke Detector(s)
Financial Considerations
$11,957