605 Madison Avenue, Cape May, NJ 08204 | MLS 222516 | Listing Information | Berkshire Hathaway HomeServices Fox & Roach, REALTORS | Berkshire Hathaway HomeServices Fox & Roach, REALTORS
FOR SALE
$10,500,000  

605 Madison Avenue
Cape May, NJ 08204

Other
Commercial
12,718
Sq. Ft.
N/A
Acre Lot
1of
Photos
Map
Courtesy: COASTLINE REALTY, LLC
This is a one in a lifetime opportunity to own a Cape May Motel with 42 rooms, a pool and parking 6 blocks from Cape May’s beautiful beaches, walking distance to town and shopping, a bike ride to all places and events that Cape May is famous for. The Madison Avenue Beach Club is a premier location for your Cape May vacation needs with pet friendly accommodations. The Madison Avenue Beach Club Motel invites you to be their guest and come stay in the heart of Victorian Cape May. This centrally located Cape May Motel showcases studios with free Wi-Fi, a DVD player and flat-screen TV. Clean neat, tiled rooms with split system air conditioning and heat with 11 suites, 31 studio rooms an office and in house laundry room. Since 1941, the Demutis family has been vacationing in Cape May and has considered it a second home. Personal and professional ties to the community are strong. Recognized in Pennsylvania as leading redevelopment and revitalization real estate developers, the 3rd generation of Demutis builders boast a wide range of experience with both new construction and renovation. Their projects are often featured in the press, most notably, the Philadelphia Inquirer, the Philadelphia Business Journal, the Cape May Star & Wave, and the Atlantic City Press. You will not be disappointed in the condition of The Madison Beach Club facility. Plenty of parking and if you should decide to Condo the property in the future, we have those documents mostly finished to make the transition an easy success. Appointment only as this is a busy Motel, fully operational and in a busy year-round community.
222516
Other, 2 Story
Cape May
City
2
Other
City
12,718 Sq. Ft.
42 Total
Interior Features
Flooring
Other
Cooling
Electric, Wall Unit(s)
Heating
Electric Heating. .
Additional Interior Features
Features: Smoke/Fire Alarm,Storage; Flooring: Other (See Remarks)
Exterior / Lot Features
Parking
11 Or More Spaces,Off Street.
Exterior
Other
Lot Dimensions
130 x 334
Zoning
R-1
Additional Exterior/Lot Features
Swimming Pool.
Financial Considerations
$36,653