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413 Broadway, Cape May, 08204 Main Picture

413 Broadway, Cape May, 08204

$1,399,000

  • Restaurant

  • 0

Completely turn key business and real estate listing. You\'ll be open for business and making money on the day you close on this property. Very successful, well established restaurant operating continuously for thirty plus years. Located on the highly visible corner of Broadway, West Perry Street and Sunset Blvd., \"Godmothers\" is licensed as an 86 seat restaurant, all on the first floor. Fully equipped and furnished with everything in good working condition and a large repeat clientele. 3 years tax returns available to qualified Buyers, along with complete FF&E inventory list. This is an owner operated restaurant with an impressive history. This is your chance to acquire a long time, popular Italian restaurant with lines of people waiting for tables in Historic Cape May. Included in the sale is a seasonal or year round second floor, two bedroom apartment with a private entrance and a cool, rear screened porch. Perfect for the new owners who want to be above the shop and keep your expenses low. Or, ideal also for housing chefs and/or other help. More photos in Associated Docs.

Listing courtesy of: JERSEY CAPE REALTY
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Cape May Multiple Listing Service. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Information is deemed to be accurate but not guaranteed. Copyright Cape May Multiple Listing Service. All rights reserved.
Total Rooms
Full Bath
# of Stories
Year Build 1925
Lot Size
Tax 6728.00
SQFT
HeatingForced Air, Heat Pump
HotWaterGas
SewerCity
Bedrooms 0
Half Bath
# of Stories
Lot Dimensions 50x93 Irr
# Units
Tax Year 2016
Area Cape May
CoolingCentral Air Conditioning, Ceiling Fan
WaterCity
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Nearby Listings

Charming and fully renovated, this nearly 3,500 square foot home is within walking distance to the beach, restaurants and shopping. In addition to the main front house, there is an attached cottage in the rear with private entrance. Approaching the front door you will be greeted by a large covered front porch with mahogany decking, perfect for enjoying time with family and friends. Stepping inside on the first floor you will find 2 living rooms, a large eat in kitchen, a master bedroom with king size bed and a private bath, a laundry room, half bath and mahogany side porch. The second floor features a master bedroom with queen size bed and a private bath, a second bedroom with a queen size bed and a hall bath, a kitchenette with dining area, and a screened in mahogany porch. Also located on the second floor is a large 19.5 x 38 unfinished room currently utilized for storage, but could be finished for an additional 700+ square feet of living space. The third floor has 2 bedrooms, a half bath and a living area. The house was completely renovated in 2010 with new kitchens, bathrooms, hardwood floors, ceramic title, new/rebuilt mahogany porches, all new plumbing, new HVAC systems (2 zone in the main house and 1 zone in the cottage), new appliances and furnishings. Located at the rear of the house, with separate entrance on the left side of the property, is the \"Sea Turtle Cottage.\" Renovated in 2017 this 1 bedroom 1 bath cottage has its own private covered patio, outside shower and covered off street parking accessible from Goldbeatten Alley between 2nd and 3rd Ave. There is plenty of yard space with front and rear yards, a garage and storage shed. This property has an excellent rental history generating close to $86,000 in total gross revenues, all documented. The front unit generated $61,750 and the rear unit $24,200 in 2017. Note the current owner only rents May through October. Additional revenue can be obtained by expanding the rental opportunities. This property is a MUST SEE as it is being conveyed fully furnished with many extras and is turn key.

Property 2

116 Third, West Cape May

  • 6

  • 4.2

  • $1250000