Skip To Content

605 Madison Avenue

Cape May, NJ 08204
  • $10,500,000
  • STATUS: Active
  • ON SITE: 116 Days
  • MLS #: 222516
UPDATED: 79 min ago
$10,500,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 12,718
    SQFT
  • $826
    $/SQFT
Neighborhood:
Type:
Commercial
Area:

School Ratings & Info

Description

This is a one in a lifetime opportunity to own a Cape May Motel with 42 rooms, a pool and parking 6 blocks from Cape Mays beautiful beaches, walking distance to town and shopping, a bike ride to all places and events that Cape May is famous for. The Madison Avenue Beach Club is a premier location for your Cape May vacation needs with pet friendly accommodations. The Madison Avenue Beach Club Motel invites you to be their guest and come stay in the heart of Victorian Cape May. This centrally located Cape May Motel showcases studios with free Wi-Fi, a DVD player and flat-screen TV. Clean neat, tiled rooms with split system air conditioning and heat with 11 suites, 31 studio rooms an office and in house laundry room. Since 1941, the Demutis family has been vacationing in Cape May and has considered it a second home. Personal and professional ties to the community are strong. Recognized in Pennsylvania as leading redevelopment and revitalization real estate developers, the 3rd generation of Demutis builders boast a wide range of experience with both new construction and renovation. Their projects are often featured in the press, most notably, the Philadelphia Inquirer, the Philadelphia Business Journal, the Cape May Star & Wave, and the Atlantic City Press. You will not be disappointed in the condition of The Madison Beach Club facility. Plenty of parking and if you should decide to Condo the property in the future, we have those documents mostly finished to make the transition an easy success. Appointment only as this is a busy Motel, fully operational and in a busy year-round community.

Monthly Payment Calculator



Listing information © 2022 Cape May County Association of REALTORS® Multiple Listing Service. Information is deemed reliable but is not guaranteed accurate by the MLS or The Oceanside Realty Team | Keller Williams Jersey Shore. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2022-12-05T08:49:35.403.
www.theoceansiderealtyteam.com/homes/132009098
Print Image

605 Madison Avenue Cape May, NJ 08204

  • Price: $10,500,000
  • Status: Active
  • On Site: 116 Days
  • Updated: 79 min ago
  • MLS #: 222516
0
Beds
0
Baths
0
½ Baths
N/A
Acres
12,718
SQFT
$826
$/SQFT
Neighborhood:
02-Cape May City
Area:
Cape May
Property Description
This is a one in a lifetime opportunity to own a Cape May Motel with 42 rooms, a pool and parking 6 blocks from Cape Mays beautiful beaches, walking distance to town and shopping, a bike ride to all places and events that Cape May is famous for. The Madison Avenue Beach Club is a premier location for your Cape May vacation needs with pet friendly accommodations. The Madison Avenue Beach Club Motel invites you to be their guest and come stay in the heart of Victorian Cape May. This centrally located Cape May Motel showcases studios with free Wi-Fi, a DVD player and flat-screen TV. Clean neat, tiled rooms with split system air conditioning and heat with 11 suites, 31 studio rooms an office and in house laundry room. Since 1941, the Demutis family has been vacationing in Cape May and has considered it a second home. Personal and professional ties to the community are strong. Recognized in Pennsylvania as leading redevelopment and revitalization real estate developers, the 3rd generation of Demutis builders boast a wide range of experience with both new construction and renovation. Their projects are often featured in the press, most notably, the Philadelphia Inquirer, the Philadelphia Business Journal, the Cape May Star & Wave, and the Atlantic City Press. You will not be disappointed in the condition of The Madison Beach Club facility. Plenty of parking and if you should decide to Condo the property in the future, we have those documents mostly finished to make the transition an easy success. Appointment only as this is a busy Motel, fully operational and in a busy year-round community.
Exterior Features

Exterior Other (See Remarks) Frontage 130 Location Island Lot Size 130 X 334 Outside Features Swimming Pool Parking 11 Or More SpacesOff Street

Interior Features

Cooling ElectricWall Air Conditioning Flooring Other (See Remarks) Heating ElectricSpace/Wall/Floor Hot Water Gas Interior Features Smoke/Fire AlarmStorage Specialty Rooms Laundry RoomOffice Space Avail

Property Features

Available EquipmentFixturesFurnishings Bank Owned No Commercial Type Motel Financing Available Other Financing New Construction No Possession Closing Sale Or Rent For Sale Sewer City Subject To Third Party Approval No Tax Year 2021 Taxes 36653 Type Motel Water City Zoned R-1

© 2022 Cape May County Association of REALTORS® MLS. All Rights Reserved.
Listing provided courtesy of Coastline Realty, Llc: 609-884-5005.


Listing information © 2022 Cape May County Association of REALTORS® Multiple Listing Service. Information is deemed reliable but is not guaranteed accurate by the MLS or The Oceanside Realty Team | Keller Williams Jersey Shore. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2022-12-05T08:49:35.403.
 
https://bt-photos.global.ssl.fastly.net/capemay/1280_boomver_3_222516-2.jpg https://bt-photos.global.ssl.fastly.net/capemay/1280_boomver_3_222516-2.jpg https://bt-photos.global.ssl.fastly.net/capemay/1280_boomver_3_222516-2.jpg
Logo
The Oceanside Realty Team | Keller Williams Jersey Shore
5501 New Jersey Avenue
Wildwood Crest NJ, 08260