605 Madison Avenue

$10,500,000, 12,718 Sqft

About This Property

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 May’s 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.

Essential Information

MLS® #222516
Price$10,500,000
Square Footage12,718
TypeCommercial/Industrial
Sub-TypeMotel
StatusACTIVE

Community Information

Address605 Madison Avenue
AreaCape May
CityCape May
StateNew Jersey

Amenities

Has PoolYes

Interior

Interior FeaturesSmoke/Fire Alarm, Storage
HeatingElectric, Space/Wall/Floor
# of Stories2

Cooling

Electric, Wall Air Conditioning

Exterior

ExteriorOther (See Remarks)
Exterior FeaturesSwimming Pool

Additional Information

Date ListedAugust 9th, 2022
Days on Market50
ZoningR-1

Listing Details

OfficeCOASTLINE REALTY, LLC

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Cape May, NJ
08204

Office: 609.884.3332

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