409 Elmira Street
$564,000, 600 Sqft
About This Property
Rare Opportunity to own a commercial property in the center of downtown Cape May City. First time on the market in almost 25 years the Depot Restaurant is located next to the Cape May Welcome Center and just off the corner of Lafayette and Elmira Streets. This restaurant has been successfully leased by the sellers since 1997. There are 2 years remaining on current business owner’s lease which expires May 31, 2021. You can purchase this investment property and continue to lease it out; take advantage of the time left on the current lease while you develop your business plan; or you can also purchase the current lease which is separately listed for sale. There are 6 off street parking spaces – 4 stacked spaces on the property and 2 in the adjacent lot which are deeded to property by the City of Cape May. Outdoor features include dining areas, fenced in yard, new storage shed. Owners recently installed a new grease trap and exhaust hood. The X Flood Zone means no flood insurance is required. Stop by and enjoy a meal while you consider all the opportunities this offer presents. Call for rental history.
Central Air Conditioning, Other (See Remarks)
Storage Building, Fence, Restrooms, Other (See Remarks)
CHRIS CLEMANS SOTHEBY'S INTERNATIONAL REALTY
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