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Coldwell Banker

James C. Otton Real Estate, Inc.



Status:Active
Listing Price:$4,200,000.00
Listing ID:262659
Property Type:Restaurant
Bedrooms:0
Bathrooms:.2
Lot:15.03
Block:793
Lot Size:


Additional Information

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.


Map


Features

Total Rooms Bedrooms0
Full Bath Half Bath2
# of Stories 1 Lot Dimensions20647
Year Build 1970 # Units
Lot Size Tax Year2025
Tax 19864.00AreaLower Township
SQFT
ExteriorOther (See Remarks)OutsideFeaturesStorage Building
ParkingGarage11 Or More SpacesInteriorFeaturesRestroom
HeatingGas Propane, Electric, Heat PumpCoolingCentral Air Conditioning, Electric
HotWaterElectricWaterCity
SewerCity

Listing Courtesy of LONG & FOSTER REAL ESTATE, INC cm.
Let Coldwell Banker James C Otton Real Estate be your buyer's agent for this listing. The data relating to real estate for sale on this web page appears in part through the Cape May County MLS program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which we participate, and is provided by Cape May County MLS through a licensing agreement. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to change, withdrawal, or prior sale.

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