507 Washington Street

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507 Washington Street

Cape May, NJ 08204
Business Price
Contact for price
Asset Type
Business Only Business-for-sale
Class
Class B

Financials

Real Estate
Not included
Franchise
No

AI Property Summary

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

  • Business opportunity located at 507 Washington Street in Cape May.
  • Strategic position within a well-traveled coastal business district.
  • Sale includes the business entity with all operational rights.
  • Ideal for entrepreneurs seeking a presence in a tourist-focused market.

What's Special

This business for sale in Cape May, New Jersey, presents a strategic acquisition within a prominent coastal community known for its seasonal economic vitality and tourism-driven market. Situated at 507 Washington Street, the asset occupies a high-visibility location in a destination area that maintains consistent appeal for visitors and local residents alike. The business-only structure allows a new owner to capitalize on the established character of the local commercial corridor. Potential use cases for this operation include continuing the existing service model or adapting the space for various retail and professional concepts suited to the unique pedestrian-friendly environment of downtown Cape May. The surrounding region benefits from sustained interest in regional hospitality and commerce, providing a stable foundation for operators looking to enter or expand within this specific market.

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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