Sold
605 Madison Avenue
Cape May NJ, 08204
$8,750,000
$688.00 per sqft
Sold
12,718 sqft
Commercial
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
MLSⓇ ID
August 9, 2022
Listed
February 16, 2024
Updated
Map
605 Madison Avenue
Cape May NJ, 08204
Interior Features
Total Stories
2
Interior Features
Smoke/Fire Alarm, Storage
Floor Description
Other (See Remarks)
Fireplace
No
Cooling
Yes
Cooling Description
Electric, Wall Air Conditioning
Heating
Yes
Heating Description
Electric, Space/Wall/Floor
Exterior/Building Features
Exterior Features
Swimming Pool, Other (See Remarks)
Sewer
City
Other Property Details
Area Name
Cape May
Days on Market
273
Garage
No
View
No
County
Cape May County
Municipality
02-Cape May City
Water Source
City
Pool
Yes
Zoning
R-1
Courtesy of COASTLINE REALTY, LLC,
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Ryan Vince shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 2:08 AM UTC 2/16/2024