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In-PersonVirtual Tour
$ 1,200,000
Est. payment | /mo
750 SqFt
$ 1,200,000
Est. payment | /mo
750 SqFt
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Under Contract
Purchase Type For Sale
Square Footage 750 sqft
Price per Sqft $1,600
MLS Listing ID 262298
Annual Tax Amount $6,427
Tax Year 2025
Lot Dimensions 3600
Property Sub-Type Commercial/Industrial
Property Description
728 Beach Avenue — Cape May, NJ A single-tenant commercial position directly on the Cape May Promenade. Beach Avenue is Cape May's oceanfront address — the stretch where the beach, the Promenade, and the town's commercial life meet. Storefronts here trade on scarcity rather than square footage. There is a fixed amount of Promenade frontage and no mechanism to create more. The property is leased to an established confectionery operator under a term running through January 31, 2031, producing $50,596 annually with CPI escalations tied to the Philadelphia–Wilmington–Atlantic City index. Rent arrives in four seasonal installments, June through September, matching the market's operating rhythm. Real estate taxes are $6,427.93 (2025). For an investor, this is a clean, low-management holding on the most recognizable street in Cape May, with a defined rollover date and current rent that sits meaningfully below what comparable Promenade frontage commands. For an end user, January 2031 is a known path to occupancy on a corridor where waiting for space to open is otherwise the only option. Lease available upon request.
Location
State NJ
County Cape May County
Area Cape May
Zoning s-1
Location Details Beach Front,Boardwalk
Interior
Heating Gas Natural
Cooling Central Air Conditioning
Building
Lot Description Beach Front, Boardwalk
Sewer City
Water City
Listed by HOFFMAN AGENCY
NEARBY SCHOOLS & PROPERTIES
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