Commercial-Sale

601 Madison Avenue, Cape May

$4,890,000

Bedroom bedrooms

  • Address: 601 Madison Avenue, Cape May, NJ 08204
  • This listing is provided courtesy of: deSatnick Real Estate LLC - Cape May

Location Location

Description Description
Amazing opportunity to own a top-rated small business in one of the NationÔÇÖs most idyllic coastal communities. The Blue Fish Inn is a classic, mid-century 12 room motel that has been meticulously maintained and continuously updated by its current onsite owner. Located just 6 blocks from the Cape May beaches and the popular Washington Street Mall, the Blue Fish Inn is conveniently situated in a quiet, residential neighborhood. This opportunity includes 12 ground level rooms, a spacious 2-bedroom owner/manager apartment, heated pool, beautifully landscaped grounds, a well-appointed private courtyard, ample storage space with an oversized 2 car garage. Currently operated 11 months out of the year, the Blue Fish Inn is truly an impressive turnkey business. There are 3 classes of rooms- 3 Full Kitchen Suites, 5 Two Room Suites, and 4 Standard Rooms. Every room has been outfitted with stylish, low maintenance Bahama shutters, flat screen TVs, new flooring/carpeting and new vanities. All rooms are independently climate controlled. Mini-split systems, re-glazed tubs and new gas cook tops in the Full Kitchens are just some more examples of the numerous upgrades. The 2-bedroom, 1.5-bathroom apartment has been updated with central air/heat, renovated full bath, new carpeting and paint, and 2 washers/2 dryers. The rear courtyard presents additional amenities to this quaint property, including sitting areas, grills, an outside shower with changing area, bike rack, laundry room with coin-op machines, ice maker and clothesline. A beautiful exterior renovation was just completed this spring. Other notable updates are new flat roof (4 yrs.), new pitched roof over apartment (-1 yr.), 3 new water heaters (3 yrs.) and new windows throughout property. The heated pool has been re-plastered, and an automatic chlorinator has been installed to simplify daily maintenance. DonÔÇÖt miss the opportunity to own this #1 rated, well established, Cape May business.

Interior Features Interior Features
  • Cool System: Ceiling Fan, Central Air Conditioning, Other (See Remarks), Wall Air Conditioning
  • Heat System: Electric, Gas Natural
  • Interior: Living Space Available, Smoke/Fire Alarm, Storage,
  • Appliances:

Exterior Features Exterior Features
  • Parking: 11 Or More Spaces, Off Street, One Per Unit Motel/Hotel, Paved
  • Exterior: Block

Additional Features Additional Features
  • County: Cape May County
  • Property Type: Motel
  • Stories: 1
  • Year Built: 0