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Listed by:

Murray and Associates

Hotel With Bar In Cape May County For Sale

Cape May County, New Jersey
Asking Price:
$12,000,000 (USD)
Sales Revenue:
$2,300,000 (USD)
Cash Flow:
$784,000 (USD)

Condo Hotel with Bar/Restaurant in Cape May County for sale. 39,562 SF. 3 Floors of condo's (24 units) . (11) 2 Bdrm 2 Bath, (12) 1 Bdrm 1 Bath. Separate AC, heat & Electric for each unit. Parking for each unit. Can open year-round. Can be turned into Air BNB. Building only 11 years old. Beautiful 16,162 SF Bar/Restaurant with pool. Season: May thru October Occup. 570 w/o tables 1,000. Great condition. Right Across from the ocean, beautiful ocean views. Comes with two lots one parking for 30 cars and one with triplex on large lot. Same owner for 11 years.

Property information

Real Estate:

Real Property Included

Location:

Cape May County

Premises Details:

Condo hotel: 24 units. Separate AC, heat & Electric for each unit. Parking for each unit. Bar/Restaurant has 2 levels: 1st level has dance floor and 3 large bars. 2nd level has ocean view, a beautiful pool with bar area. Popular place. Only 11 years old.

Size in square feet:
39,562

Business Operation

Competition / Market:

Right next to beach. Beautiful ocean view. Great location.

Reasons for selling:

Retiring

Trading hours:

Season: May through October

Employees:
15FT-55PT
Years established:
2007

Other Information

Support & training:

3 Weeks

Contact Information

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