Active

601 Madison Avenue

Cape May NJ, 08204

$4,890,000


Active

Commercial

Amazing opportunity to own a top-rated small business in one of the Nation's 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. Don't miss the opportunity to own this #1 rated, well established, Cape May business.

231157

MLS ID

May 3, 2023

Listed

February 16, 2024

Updated

Map

601 Madison Avenue
Cape May NJ, 08204

Interior Features

Total Stories

1


Interior Features

Living Space Available, Smoke/Fire Alarm, Storage


Fireplace

No


Cooling

Yes


Cooling Description

Central Air Conditioning, Ceiling Fan, Wall Air Conditioning, Other (See Remarks)


Heating

Yes


Heating Description

Gas Natural, Electric

Exterior/Building Features

Exterior Features

Swimming Pool, Storage Building, Sign, Other (See Remarks), Block


Sewer

City

Other Property Details

Area Name

Cape May


Days on Market

271


Garage

No


View

No


County

Cape May County


Municipality

02-Cape May City


Water Source

City


Pool

Yes


Zoning

R1

 

Courtesy of deSatnick Real Estate LLC - Cape May,

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Steve Soldatovic shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 Cape May County Association of REALTORS, Inc. All rights reserved.

Data last updated 2:07 AM UTC 2/16/2024

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