991 Ocean Drive Lower Township, NJ $ 4,200,000
991 Ocean Drive
$ 4,200,000
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991 Ocean Drive

Lower Township, NJ, 08204
$ 4,200,000
Bedrooms-- Baths-- Sq 4,500

Monthly Estimate*

$ 26,519

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Commercial Property for sale in Lower Township, NJ

for $4,200,000 with 2 half baths. This 4,500 square foot building was built in 1970.

Prime Ocean Drive Commercial Real Estate — Real Estate Only Exceptional opportunity to acquire a prominent commercial property located at 991 Ocean Drive, strategically positioned along the causeway connecting Cape May to the barrier islands and serving as a gateway to Diamond Beach. The property sits on a substantial 190' x 110' lot totaling approximately 20,647 square feet, with an impressive 190 feet of frontage on Ocean Drive and 30 parking spaces. The 4,510-square-foot building was renovated in 2017 for continued use as a restaurant and bar and is situated within the MD-2 Marine Development Commercial zoning district. Features include vaulted ceilings, mahogany-paneled walls, quarry tile floors, a walk-in refrigerator, a partial basement providing additional storage beneath the bar, and an outside dining area with water views of the Marine District. This offering is for the real estate only. The business, liquor license, furniture, equipment, personal property, and other business assets are expressly excluded from the sale and will not transfer to the buyer.

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Commercial Active

Price

$ 4,200,000

Half Bath

2

Property Type

Commercial

Taxes

$ 19,864

Style

Restaurant

Year Built

1970

Town/City

Lower Township

County/Region

Cape May

MLS | Web ID

262659

Features
Interior
Interior Amenities Restroom
Hot Water Electric
Total Number of Units 1
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General
Heating Gas Propane Electric Heat Pump
Cooling Central Air Conditioning Electric
Zoning MD-2
Water City
Sewer City
Year Built 1970
Parking 11 Or More Spaces
Stories Count 1
County Cape May County
Class COMMERCIAL/INDUSTRIAL
Type Restaurant
Tax Year 2025
New Construction Y/N No
Status ACTIVE
Sale/Rent For Sale
Status Detail 0
City Lower Township
Taxes 19864.5
DOM 7
Price Per Sq Ft Total AG 933.33
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Exterior
Exterior Other (See Remarks)
Exterior Amenities Storage Building
Frontage 190
Lot Dimensions 20647
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* Excluded Features
List By
Gail Wilsey-Morrison, CRS, ABR, SRES

Listing Agent

Long & Foster Real Estate, Inc Cm

Broker

gailwilsey@gmail.com

Email

Affordability Calculator

$28,175
Per Month
94%
6%
0%
Monthly Principal & Interest
$26,519
Monthly Property Taxes
$1,655
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
266621 Elementary School
266622 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/18/2026$4,200,000 Listed Price

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991 Ocean Drive, Lower Township, NJ, 08204 is a Commercial Property for sale at $4,200,000 with 4,500 sqft. 991 Ocean Drive was built in 1970. The property's zip code is 08204 which is in Lower Township, NJ