656 Washington Street Cape May, NJ 08204

$1,199,000
656 Washington Street, Cape May, NJ 08204
Call 1-800-839-1363
155843

Commercial Property for sale in Cape May, NJ

for $1,199,000. This building was built in 1883 on a lot size of 56 x160irr.

Property Information

  • $1,199,000
  • Commercial
  • Taxes are $9,200
  • Retail
  • Active
  • 3 Floors
  • Lot size of 56 x160irr
  • Built in 1883
  • Cape May, NJ
  • Cape May County
  • MLS/Web ID is 155843

Description

Excellent Business Opportunity in the heart of the Cape May Historic District! This property offers 2 commercial rental spaces and 5 residential rental units along Washington Street, under the shade of charming old Sycamore trees. Lovingly cared for and well maintained for the past 25 years, and only a few steps to the Cape May Mall, beaches, and City Hall... directly across the street! The entire building has separate meters for all utilities including water. Most of the residential apartments have new kitchens, baths, flooring and paint. Several parking spaces including, as well as a 2 car garage. The roof was replaced in 2012. Seller will consider owner held financing for approved Buyers only!

Interior 6

Cooling System

  • Wall Unit(s)

Flooring

  • Hardwood Floors
  • Wall-to-Wall Carpet

Heating Source

  • Natural Gas

Heating System

  • Gas Hot Water Heat
  • Hot Water Heater: Electric

Interior

  • Storage

Sewer

  • City Sewer

Exterior 4

Garage

  • Other

Lot Description

  • Other

Parking

  • Parking

Siding

  • Brick
  • Wood Frame Exterior

Miscellaneous 2

Commercial

  • Display Window
  • Fixtures/Furniture
  • Living Space Available
  • Office Space

Land Documents

  • Survey

† Excluded Feature

Listed By

Listing Agent: Craig Needles, GRI, ABR
Broker: HOMESTEAD REAL ESTATE C0. INC.

656 Washington Street, Cape May, NJ, 08204 is a Commercial Property for sale at $1,199,000 with a lot size of 56 x160irr. 656 Washington Street was built in 1883. The property's zip code is 08204 which is in Cape May, NJ

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Market Pricing

Average % of sale price Median % of sale price
All listings in Cape May $808,376 33 % below $567,450 53 % below
Commerical listings in Cape May $911,787 24 % below $419,900 65 % below
Sold listings in Cape May $388,333 68 % below $425,000 65 % below

Get the facts about Cape May, NJ!

Population 3,533
Population Growth (since 2000) -12 %
Median Income $50,859
Median Age 41.48
Households w/ Children 13 %

Residential Dwellings

  • Owned 797
  • Vacant 2346
  • Rented 640

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