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728 Beach Avenue Cape May, NJ
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MLS#: |
262298 |
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Property |
Commercial/Industrial
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Price: |
$1,200,000.00
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Location: |
728 Beach Avenue |
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City: |
Cape May
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State: |
NJ
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Bedrooms: |
0
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Bathrooms: |
0
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Lot Size: |
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YearBuild: |
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Taxes: |
$6,427.93(2025) |
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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.
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