795 Route 109Cape May, NJ 08204

  • Retail properties
  • 0.90 AC
For Sale
$2,499,000 View listing

Property Details for 795 Route 109

Construction
TYPE NOT SPECIFIED
Lot size
0.90 AC
Zone code
GB
Property type
Retail properties
Property subtype
Gas stations
APN
05 00793-0000-00011- 02-C-B
APU
050079300000001102CB

Description

Exceptional opportunity to acquire a well-established, 100% occupied gas station and auto repair shop in Cape May, New Jersey. Located at 795 Route 109 Unit B, this turnkey operation includes real estate, business, and all fixtures, furniture, and equipment (FF&E). Situated on a 39,303 sq ft lot, the property boasts a prime location at the junction of Route 109, Ocean Drive, and Exit 0 of the Garden State Parkway, offering high visibility and convenient access. Built in 1993, the single-building property is zoned GB and operates as a commercial condominium (condo docs available). This high-volume business has been successfully managed for over twenty years and is now offered for sale due to the owners' retirement. Complete financial records are available to qualified buyers. The property is four miles from the nearest competitor (Super Wawa), ensuring a strong market position. This represents a rare chance to own a profitable, established business in a desirable coastal location.

795 Route 109, Cape May, New Jersey

Location Insight

City
Cape May
County
Cape May
State
New Jersey
Latitude
38.9657
Longitude
-74.9099
CBSA code
36140
CBSA name
OCEAN CITY, NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$6,120
$143,600
$171,400
$315,000
-
$143,600
$171,400
$315,000

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