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.

©2024 Cape May County Association of REALTORS, Inc. All rights reserved.

Data last updated 2:08 AM UTC 2/16/2024

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