804 Rte 9Middle Township, NJ 08210
- Office properties
- 1.28 AC
Property Details for 804 Rte 9
- Lot size
- 1.28 AC
- Zone code
- TB
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 06 00333-0000-00009
- APU
- 600333000000009
Description
This exceptional commercial property, located at 804 Route 9 South in Cape May Court House, New Jersey, presents a compelling investment opportunity. Boasting a highly visible location on Route 9, this 7,410 square foot office building sits on a 1.28-acre lot, offering ample parking. The property's strategic placement provides easy access to the Garden State Parkway, enhancing its appeal and accessibility. Currently configured with four units, generating rental income (with one unit soon to be vacated), this property is suitable for a variety of commercial uses. The substantial size and prime location make it ideal for a business seeking high visibility and convenient access to major transportation routes. The property's zoning and permitted uses should be independently verified. Please note that the provided photographs only showcase two of the building's units. This is a rare opportunity to acquire a significant commercial property in a thriving New Jersey market. The asking price is $995,000. The property is zoned for commercial use in Cape May County, zip code 08210.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $17,604,742
- 6.5%
- $16,250,532
- 7%
- $15,089,780
-
Comparable approach
- Method
- Valuation
- Relative Method
- $7,285,210
- Geo Method
- $7,285,210
-
Alternative Use
- Use
- Valuation
- Residential
- $20,150,660
- Hospitality
- $18,457,896
- Educational
- $15,356,753
- Medical
- $15,884,895
- Retail
- $23,888,282
Location Insight
- City
- Cape May Court House
- County
- Cape May
- State
- New Jersey
- Latitude
- 39.0689
- Longitude
- -74.8298
- CBSA code
- 36140
- CBSA name
- OCEAN CITY, NJ METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].