Cape May City Commercial Listings - Sale and Rent

8,750 SqFt. ⋅ 262299 MLS ⋅ 24 DOM ⋅ ACTIVE Status

513 Washington Street — Cape May, NJ Three mercantile licenses. 6,015 square feet of masonry block footprint. One of the largest buildings on the Washington Street Mall. 513 Washington is a substantial masonry block structure occupying one of the deepest footprints on Cape May's premier pedestrian retail corridor. The building currently supports three separate mercantile commercial tenancies — a rare configuration on a mall where most buildings carry one. Current income is $249,735 annually, anchored by a long-term confectionery tenant through January 31, 2031. Real estate taxes are $25,954. Market rent on the mall currently runs approximately $150 per square foot on new leases. The building is more than a storefront. Two sections rise to multiple stories. The front section runs three levels, with the upper floors currently configured as office and readily convertible back to residential use. The rear section carries a two-bedroom layout on the second floor. This is above-grade square footage on the Washington Street Mall — space that most buildings on this corridor simply don't have. Vertical expansion warrants investigation. The masonry block construction and the scale of the footprint raise a further question: whether additional stories could be added above the existing structure. Cape May's seasonal economy runs on a workforce that has nowhere to live, and employee housing above commercial space on the mall — subject to municipal approvals and historic district review — would address a documented need while adding an income stream the building does not currently produce. A buyer with the patience to work the approvals process may find a path here that doesn't exist elsewhere on the mall. Three licenses in place, real above-grade area, and a location that cannot be replicated. Leases available upon request.

513 Washington Street, Cape May

$1,200,000

750 SqFt. ⋅ 262298 MLS ⋅ 25 DOM ⋅ ACTIVE Status

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.

728 Beach Avenue, Cape May

$6,000,000

3,683 SqFt. ⋅ 262296 MLS ⋅ 24 DOM ⋅ ACTIVE Status

502 Washington Street — Cape May, NJ The old bank building at the head of the Washington Street Mall — and arguably the single greatest value-add opportunity in Cape May commercial real estate. 502 Washington is one of the mall's landmark structures: masonry, architectural presence, and a position on the most heavily trafficked pedestrian retail corridor in the Northeast. Two income streams currently produce $202,000 annually — a flagship ground-floor storefront and a rear commissary kitchen — under leases running through 2030 and expiring at the end of January 2031. Real estate taxes are $22,513. The current income is not the story. The story is what's above it. The second floor is unfinished. Above the drop ceiling sits additional height that opens the door to a third level. Completing the second floor and building into that volume would add substantial leasable square footage to a building that already commands the best frontage on the mall — and at Washington Street Mall market rents of roughly $150 per square foot, that added area has the potential to more than double the building's revenue. The timing works. The leases run to January 2031, which gives a buyer a defined runway to plan, permit, and stage a renovation against a known delivery date rather than negotiating around occupied space. Executed well, this becomes the most visible building in Cape May. The bones are already there — the location is irreplaceable, the architecture is distinctive, and the untapped volume above is the rarest thing on a corridor where nothing new gets built. Leases available upon request.

502 Washington Street, Cape May

$1,850,000

1,000 SqFt. ⋅ 262259 MLS ⋅ 29 DOM ⋅ ACTIVE Status

ABSOLUTE BEST LOCATION IN TOWN! REAL ESTATE ONLY A rare opportunity to own a beautifully renovated commercial property in one of Cape May’s most desirable and visible locations. Real estate only is being offered, with availability as of November 1, 2026. The current business, operating as Dockside Dave’s Seafood Market, is not included in the sale. This approximately 1,000-square-foot, state-of-the-art commercial building offers endless possibilities for an owner-user or investor. Its prime location and flexible layout could accommodate a variety of future uses.. Top-of-the-line improvements include Newer roof and windows, Renovated wall coverings and porch, Handicap-accessible ramp, Tile flooring, Updated electric service, Newer water heater and HVAC, Macadam parking lot, Brick pavers and concrete improvements, Wood gate posts, sod, and an underground sprinkler system The property also features a renovated 300+ square-foot auxiliary prep/storage building with utilities, providing valuable additional space for storage, preparation, or other permitted uses. Situated on approximately .17 acres with entrances from both Perry Street and Park Boulevard, this highly visible property is perfectly positioned as a gateway to the City of Cape May. With its exceptional location, extensive renovations, parking, and multiple potential uses, this is an outstanding opportunity to secure a commercial property in one of Cape May’s most sought-after locations. Any questions regarding the permitted use or potential use of the property should be directed to the City of Cape May and should be independently verified by the buyer or their attorney.

458 W Perry Street, Cape May

$3,750,000

253569 MLS ⋅ 287 DOM ⋅ PENDING Status

The Clinton Hotel centrally located on corner lot 2 blocks to beach consists of a 3-story multi-family building w/attached 2-bedroom cottage. Dwelling has 16 rental rooms, 2 baths, 2 half baths on 2nd/3rd floors, and 1st floor owner’s quarters (3 bedrooms/1 bath) w/some heat (gas heat is not functional and will not be repaired). Property for sale, land and premises, situate 202 Perry Street, Cape May, NJ, lot size being approx. 80x98 ft irr. Also included is adjoining lot on S Lafayette Street, approx. size 52x100 ft (Buyer to confirm 16 parking spaces). There is a Right of Way over the Westerly 10 ft of Tract #1 of the premises as granted in a deed from William G. Nixon Executor of the Will of Jonas Miller to Samuel Cook dated May 30, 1870. Buyer must confirm all measurements w/a new survey. Seller has no survey.

202 Perry Street Unit #The Clinton Hotel, Cape May

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional Multiple Listing Service. Real Estate listings held by brokerage firms other than ThinkW Real Estate are marked with the Broker Reciprocity logo (a little black house) and detailed information about them includes the name of the listing brokers.

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Cape May City, NJ 08204- Commercial Real Estate