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601 Madison Avenue, Cape May - ACTIVE

$4,890,000

MLS: 223444  |  Bedrooms: 0  |  Baths:  |  Type: Motel
Lot:125x145  |  Taxes: $11,957  |  Area: Cape May

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.

AMENITIES

  • Heating:Electric   
  • Heating:Gas Natural   
  • Heater:Gas  
  • Living Space Available  
  • Smoke/Fire Alarm  
  • Storage  
  • Cooling:Ceiling Fan  
  • Cooling:Central Air Conditioning  
  • Cooling:Other (See Remarks)  
  • Cooling:Wall Air Conditioning  
  • City  

PROPERTY LOCATION / MAP

Last Database Update: 11/30/2022 05:45:20
Let Ferguson Dechert be your buyer agent for this listing. Listing is provided by deSatnick Real Estate LLC - Cape May. The data relating to real estate for sale on this web page appears in part through the Cape May County MLS program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which we participate, and is provided by Cape May County MLS through a licensing agreement. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to change, withdrawal, or prior sale.
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601 Madison Avenue, Cape May
For Sale: $4,890,000
MLS: 223444

Bed:0 | Bath: LOT:125x145 | DOM:22
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Ferguson Dechert Real Estate - Summer Vacation Rentals and Properties For Sale in Avalon and Stone Harbor
2789 Dune Drive
Avalon, NJ
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