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$ 4,200,000
Est. payment | /mo
4,500 SqFt
$ 4,200,000
Est. payment | /mo
4,500 SqFt
Key Details
Property Type Commercial
Sub Type Restaurant
Listing Status Active
Purchase Type For Sale
Square Footage 4,500 sqft
Price per Sqft $933
MLS Listing ID 262659
Year Built 1970
Annual Tax Amount $19,864
Tax Year 2025
Lot Dimensions 20647
Property Sub-Type Restaurant
Property Description
Prime Ocean Drive Commercial Real Estate — Real Estate Only Exceptional opportunity to acquire a prominent commercial property located at 991 Ocean Drive, strategically positioned along the causeway connecting Cape May to the barrier islands and serving as a gateway to Diamond Beach. The property sits on a substantial 190' x 110' lot totaling approximately 20,647 square feet, with an impressive 190 feet of frontage on Ocean Drive and 30 parking spaces. The 4,510-square-foot building was renovated in 2017 for continued use as a restaurant and bar and is situated within the MD-2 Marine Development Commercial zoning district. Features include vaulted ceilings, mahogany-paneled walls, quarry tile floors, a walk-in refrigerator, a partial basement providing additional storage beneath the bar, and an outside dining area with water views of the Marine District. This offering is for the real estate only. The business, liquor license, furniture, equipment, personal property, and other business assets are expressly excluded from the sale and will not transfer to the buyer.
Location
State NJ
County Cape May County
Area Lower Township
Zoning MD-2
Interior
Interior Features Restroom
Hot Water Electric
Heating Gas Propane, Electric, Heat Pump
Cooling Central Air Conditioning, Electric
Exterior
Exterior Feature Storage Building
Parking Features 11 Or More Spaces
Building
Story 1
Sewer City
Water City
Structure Type Other (See Remarks)
Listed by LONG & FOSTER REAL ESTATE, INC cm
Nearby Locations
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William R. Bradshaw
Sales Agent- Realtor® Lic# 1221774