409 Elmira Street

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409 Elmira Street

Cape May, NJ 08204
Asking Price
Contact for price
Asset Type
Restaurant Retail
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Retail restaurant space measuring 600 square feet available for purchase.
  • Located at 409 Elmira Street in the coastal city of Cape May.
  • The property is situated within a popular and historic tourist destination.
  • Efficient floor plan allows for a variety of boutique food concepts.
  • Cape May provides a strong seasonal economy for restaurant business operations.

What's Special

For sale, 409 Elmira Street represents a compact restaurant space in Cape May, New Jersey. Spanning 600 square feet, this retail asset serves as a functional footprint for owner-operators or investors looking to establish a presence in a coastal market known for its tourism-driven economy and historic appeal. The property size allows for efficient management and lower overhead, making it suitable for a boutique eatery, café, or specialty food concept. Cape May experiences significant seasonal traffic, which supports consistent footfall for well-positioned dining establishments within this submarket. The layout offers an opportunity for a creative business owner to capitalize on the high density of visitors and residents roaming the downtown area. Strategic placement within the city provides access to a steady customer base drawn to the unique atmosphere of this seaside region.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

Location & Travel Times