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508 Town Bank Rd

2 Unit Apartment Building $449,900 ($224,950/Unit) Cape May, NJ 08204

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Investment Highlights

Live and work opportunity
3 miles from beach

Plentiful off-street parking

Executive Summary

Sensibly priced Mixed-Use duplex located in the desirable sector of North Cape May, approx. 3 miles from Cape May city and within 1 mile of the Delaware Bay.
This property is currently operating as an established deli/ restaurant business and includes a recently renovated detached 3-bedroom 2-bath single family house.
Sale includes the real estate, single family house and all deli equipment. Business good-will and trade name negotiable. Principals only.

Property Facts

Price	$449,900	Building Class	C
Price Per Unit	$224,950	Lot Size	0.19 AC
Sale Type	Investment	Building Size	1,600 SF
No. Units	2	No. Stories	1
Property Type	Multifamily	Year Built/Renovated	1963/2022
Property Subtype	Apartment General Retail Storefront Retail/Residential Multifamily Manufactured Housing Mobile Home Park Office Office Residential	Parking Ratio	3.64/1,000 SF
Apartment Style	Low Rise

Price	$449,900
Price Per Unit	$224,950
Sale Type	Investment
No. Units	2
Property Type	Multifamily
Property Subtype	Apartment General Retail Storefront Retail/Residential Multifamily Manufactured Housing Mobile Home Park Office Office Residential
Apartment Style	Low Rise
Building Class	C
Lot Size	0.19 AC
Building Size	1,600 SF
No. Stories	1
Year Built/Renovated	1963/2022
Parking Ratio	3.64/1,000 SF