5 S Main St - Office/Residential FOR SALE


Cape May Court House, NJ 08210
$1,699,995 USD
267-463-5995
5 S Main St, Cape May Court House, NJ for Sale
$1,699,995 USD
Office/Residential - FOR SALE
1/78
null | 5.61% Cap Rate

5 S Main St
Cape May Court House, NJ 08210


OVERVIEW

FOR SALE – Prime Mixed-Use Investment Property on Main Street, Cape May Court House This rare offering presents a large seven-unit mixed-use building in the heart of downtown Cape May Court House. Perfectly positioned along vibrant Main Street, the property provides exceptional visibility, a strong rental history, and immediate access to Stone Harbor beaches, popular local dining, boutique shopping, and the Garden State Parkway for effortless regional travel. Generating approximately $135,000 in gross annual rental income, this well-maintained building includes three commercial units and four residential apartments. Each unit has separate electric service, along with a house meter dedicated to the common areas, and many units have been recently updated. The commercial spaces consist of Unit 101 with three rooms and a half bath, Unit 102 with three rooms and a half bath, and Unit 103 with two rooms and a half bath. The residential units include Units 201, 202, and 302, each offering two bedrooms and one full bath, while Unit 301 provides one bedroom and one full bath. Public water and sewer serve the building, with Units 101, 102, and 103 sharing a single water meter, while all residential units are individually metered. Electric service is separated for every unit, with an additional house meter for common areas. Hot water usage is divided between one shared electric water heater for the commercial units and gas hot water heaters for the residential apartments. Climate control systems throughout the building are modern and efficient. Central air conditioning is provided for Units 101, 102, 103, 301, and 302, while Units 201 and 202 operate with ductless mini-split air conditioning. Heating is supplied by gas forced-air furnaces in Units 101, 102, 103, 301, and 302, and ductless heating units in Units 201 and 202. In total, the building operates with five central HVAC systems and two ductless systems. Additional benefits of the property include approximately 4,200 square feet of interior space, a full unfinished basement, and low-maintenance vinyl siding on the exterior. Parking is convenient, with street parking available directly in front of the building and a municipal lot positioned immediately behind it. This property represents an outstanding income-producing asset in a desirable and high-traffic location, offering long-term stability and significant investment potential. Its combination of commercial and residential tenants, consistent demand, and prominent Main Street frontage makes it ideal for investors seeking dependable cash flow and a valuable addition to their portfolio.

FOR SALE DETAILS

PRICE

$1,699,995 USD

PRICE/SF

$396 USD /SF

CAP RATE

5.61%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,599 SF

ZONING

TB

APN/PARCEL ID

06-00238-0000-00012

ASK ABOUT THIS PROPERTY

Trish GessweinHouwzer Inc.More Info
267-463-5995

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Trish GessweinHouwzer Inc.More Info
267-463-5995

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.