$6,000,000
$6,000,000
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1 Bath
SOLD DATE : 10/04/2024
Key Details
Sold Price $6,000,000
Property Type Commercial
Sub Type Motel
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 241578
Sold Date 10/04/24
Annual Tax Amount $22,566
Tax Year 2022
Lot Dimensions 360 x 400
Property Sub-Type Motel
Property Description
An amazing opportunity awaits, where all the construction and infrastructure has been renovated for you on this amazingly large parcel of land. Cape Cottage Inn, the site completely re-imagined and recreated like new, between 2018 and 2020 by the current owner/builder. Being sold as a complete package to include a Motel completely renovated (foundation and some studs may be original) and furnished to include 17 year-round Motel Rooms one is a larger 2 bedroom suite and a rental office with coffee lounge and half bath for guests. 17 new year-round Cottages located on winding brick pathways with lush landscaping and reproduction lights similar to the gas lamps of old (totally renovated to be like new and on attached footings individual utilities). 2 of the Cottages are two bedrooms. A stunning new pool with waterfall feature and large, gorgeous lounge area surrounding the pool with lounge chairs, tables, and a relaxing atmosphere. 2 free standing homes in the rear included. The entire parcel being sold is approximately 3.5 acres. Amazing location with vacationers from the Ferry exiting and traveling next to your property, Vacationers traveling south on Route 9 along the north side of the property, the bike and walking path at the rear of the property, Cold Spring Village just a few properties over and in the immediate vicinity of The Cape May area beaches, Cape May, West Cape May, North Cape May and the Ferry and Delaware Bay Beaches. The boat yards, Lobster House, Luck Bones to mention a few local hot spots. Diamond Beach and the Wildwoods a very short drive. Extraordinary warm feel and the renovation and entire property is well received and spoken of by guests. The potential has been untapped, but all the hard work done so let your imagination run wild as this can be an amazing destination resort and has just begun to explore its potential. There are storage areas, 2 pool bathrooms, linen rooms, laundry room and more. See attached information for a bit more.
Location
State NJ
County Cape May County
Area North Cape May
Zoning MH
Location Details Mainland
Rooms
Other Rooms Laundry Room, Utility Room, Public Restroom
Interior
Interior Features Handicap Features, Living Space Available, Restroom, Storage
Hot Water Electric, Gas
Heating Gas Natural, Electric, Forced Air, Heat Pump, Multi-Zoned, Space/Wall/Floor
Cooling Ceiling Fan, Multi-Zoned
Flooring Linoleum/Vinyl
Exterior
Exterior Feature Swimming Pool, Storage Building, Sign, Fence
Parking Features 11 Or More Spaces, Off Street, One Per Unit Motel/Hotel, Other (See Remarks)
Building
Lot Description Mainland
Story 2
Sewer Septic
Water Well
Structure Type Block,Other (See Remarks)
Others
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
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