605 Madison Avenue

Cape May, NJ, 08204

$10,500,000

$825 per ft²
$10,500,000
$825 per ft²
Active
Active
 - For Sale
carpenters-square
12,718 ft²
property_type
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.
MLS® ID:
222516
Listed:
8/8/22
Updated:
10/1/22
Tim Kerr Sotheby's International Realty
Ryan Vince

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Interior Features
Smoke/Fire Alarm, Storage
Floor Description
Other (See Remarks)
Cooling
Electric, Wall Air Conditioning
Heating
Electric, Space/Wall/Floor

Exterior/Building Features

Exterior Features
Swimming Pool, Other (See Remarks)
Architectural Style
2
Sewer
City

Other Property Details

Area Name
Cape May
Taxes
$36653
Tax Frequency
per YEAR
Garage
Yes
Parking
11 Or More Spaces, Off Street
View
N
County
Cape May County
Water Source
City
Pool
Yes
Total Stories
2
Zoning
R-1

 

Courtesy of COASTLINE REALTY, LLC, Carol Menz,GRI,CRS,ABR,SFR

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.

©2022 Cape May County Association of REALTORS, Inc. All rights reserved.

Data last updated 4:56 PM UTC 10/1/22

Tim Kerr Sotheby's International Realty
Ryan Vince
Contact