605 Madison Avenue

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605 Madison Avenue

Cape May, NJ 08204
Asking Price
Contact for price
Asset Type
Motel Hospitality
Class
Class B

AI Property Summary

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

  • Hospitality asset located at 605 Madison Avenue in Cape May.
  • This motel property is currently available for purchase in New Jersey.
  • Cape May functions as a prominent seasonal destination for regional tourism.
  • The facility is suited for continued use within the lodging sector.
  • Situated in the 08204 zip code near the Atlantic coastline.

What's Special

605 Madison Avenue represents a hospitality asset located in Cape May, New Jersey. Situated in the 08204 zip code, this motel property occupies a coastal submarket known for its regional tourism and seasonal activity. Cape May serves as a destination for visitors seeking historical architecture and Atlantic Ocean access, drawing steady interest throughout the spring and summer months. The asset is well-positioned for an owner-operator or an investor looking to capitalize on the local lodging demand within this established shore community. Potential use cases for this facility include continued operation as a traditional motel, boutique hospitality conversion, or long-term management transition to align with the evolving preferences of travelers in the Cape May region. The site layout facilitates direct guest access and provides a footprint suited for service-oriented business models.

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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