518 Washington
Cape May, NJ 08204

$2,950,000

Description

Washington Street Mall commercial property with two retail stores and a licensed second floor apartment. Each retail space offers approximately 1000 square feet with expansive windows for retail displays. Powder room on main retail level. The apartment is approximately 2000 square feet and is accessed by an exterior door and staircase from Washington Street and an interior rear staircase in the West Side retail unit. The apartment has been utilized for storage and offers potential for modernization with the existing 4 BR/2 BA floorplan. Basement with interior access from the West Side retail unit and exterior access from the East Side Retail unit. Seller has created condominium documents that create ownership possibilities for two owners. Retail space is currently operated as Life is Good and Fresh Produce. Tenant occupied. Showings by appointment only.

Details

MLS#185565
StyleRetail
Sub-TypeResale
StatusActive
Days On Site130

Features

Story(s)1
ZoningC

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Area Information

StateNJ
CityCape May
Zip Code08204
AreaCape May
Listing VS Median (in 08204)
Price:
$2,950,000
low | high
Med:
$399,900
100% of Average
On Site:
130
low | high
Med:
19
100% of Average
Listing Updated: 05/18/2019
MLS Number: 185565
Listing Provided By:
Todd H. DeSatnick  of  deSatnick Real Estate LLC
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