1505 Yacht Avenue Cape May, NJ $ 7,250,000
1505 Yacht Avenue
$ 7,250,000
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1505 Yacht Avenue

Cape May, NJ, 08204
$ 7,250,000
Bedrooms-- Baths-- Sq 32,086

Monthly Estimate*

$ 45,231

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Commercial Property for sale in Cape May, NJ

for $7,250,000. This 32,086 square foot building was built in 1900.

Once in a Lifetime Prime Waterfront Development Opportunity in Cape May An exceptional opportunity to develop 0.7 acres of waterfront property on Cape Mays Yacht Ave. This rare offering includes approved plans for a seven-townhome condominium association with a small marina, creating an exclusive waterfront community in one of Cape Mays most desirable locations. Situated in a highly walkable location, this property offers convenient access to the Marina District, where youll find some of Cape Mays most popular restaurants, including Lucky Bones, The Lobster House, and Meyers. Just a short distance away, explore the charm of Historic Cape May, known for its Victorian homes, boutique shopping, and pristine beaches. Cape May is a premier destination for boaters and coastal enthusiasts, providing direct harbor access and a vibrant seaside atmosphere. Whether youre an investor, developer, or visionary buyer, this is a rare opportunity to bring a luxury waterfront project to life. For those seeking to create their own waterfront masterpiece, this property also presents the unique opportunity to design a private luxury estate with unparalleled harbor views. Imagine a custom-built home or two with expansive decks, private docks, and direct access to Cape Mays premier boating watersa haven for yachting, fishing, and waterfront living at its finest. Whether as a multi-unit development or a one-of-a-kind private retreat, this rare waterfront property is a blank canvas ready for your vision: Highlights Dig Ready for 7 townhomes, 1Existing renovated Historic Home, 17 -23 slips, 7 marina parking, marina bathroom room, 7 overflow residential parking, Garages for townhomes. Need a builder we can supply a fantastic local builder who has been involved from the beginning on this project.

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Commercial Pending

Price

$ 7,250,000

Property Type

Commercial

Taxes

$ 14,491

Style

Year Built

1900

Town/City

Cape May

County/Region

Cape May

MLS | Web ID

NJCM2005008

Features
Interior
Heating Fuel Other
Hot Water Natural Gas
Heating Y/N Y
Central Air Y/N N
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General
Sewer Public Hook/Up Avail
Heating Other
Cooling Other
Possession Settlement
Zoning R-5
Construction Materials Shake Siding
Year Built 1900
Property Subtype Land for Commercial Use
Tax Year 2024
Ownership Other
Cool Fuel Other
Municipality CAPE MAY CITY
Business Type Other
Accessibility Other
County CAPE MAY
New Construction N
Property Type Commercial Sale
Subdivision Name CAPE MAY CITY
Water Access Y/N Y
Status PENDING
Directions Yacht Avenue.
City CAPE MAY
Number Of Units Total 2
MLS Area Cape May City (20502)
Tax Annual Amount 14491.0
Property Condition Excellent
Acceptable Financing Other
Historic Y/N N
Lease Considered Y/N N
Vacation Rental Y/N N
Virtual Tour https://my.matterport.com/show/?m=Jcg1WRCHKKj
Location Type Corner Lot/Unit
Standard Status Pending
Year Built Source Estimated
Tax Lot 00006
Association Recreation Fee N
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Exterior
Water Source Public
Type of Parking Parking Lot
Water View Y/N N
Building Area Total 0.00
Lot Dimensions .7366
Water Body Type Canal
Waterfront Y/N Y
Other Equipment See Remarks
Number of Docks 5+
Land Assessed Value 1224800.00
Navigable Water Y/N Y
Number of Slips 5+
Water Oriented Y/N Y
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Internal Only
Street Number 1 1505
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* Excluded Features
List By
Coastline Realty, Llc

Broker

carolmenz@coastlinerealty.com

Email

Affordability Calculator

$46,438
Per Month
97%
3%
0%
Monthly Principal & Interest
$45,231
Monthly Property Taxes
$1,208
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/23/2025$7,250,000 -6.45% Price Down
4/8/2025$7,750,000 Listed Price

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1505 Yacht Avenue, Cape May, NJ, 08204 is a Commercial Property for sale at $7,250,000 with 32,086 sqft. 1505 Yacht Avenue was built in 1900. The property's zip code is 08204 which is in Cape May, NJ