$4,750,000

107 Grant St

Cape May NJ, 08204

Description

Great opportunity to own one of Cape May's iconic Historic Motels. The "Hotel Alcott" is now available for sale. This masterfully restored Italianate-bracketed Villa is located just steps to the beachfront and features 31 custom furnished guest rooms and suites, each of which has a unique size or shape and varying architectural features, but each has everything one needs to relax and unwind. Several have access to the ocean view front porch on the second floor. One enters this beauty to a expansive lobby and front desk. The winding stairs to the top two floors creates a picturesque setting not seen anywhere in Cape May. In addition, there is a 130 seat restaurant that has been one of Cape May's best kept secrets, which is capable of serving breakfast, lunch and dinner and is available for parties, weddings and special events. A charming open-air garden area offers room for cocktails, buffet or room for simply relaxing and taking in the quietude.A fully equipped commercial kitchen is well organized and can easily handle large events. A private owners quarters is also on-site. The first floor also provides an office, private library and laundry facilities.

Details

MLS#190645
Listing TypeFor Sale
StyleHospitality
Sub-TypeResale
StatusActive
Days On Site193

Features

Story(s)3
Units31
ZoningR-3

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Area Information

StateNJ
CityCape May
Zip Code08204
AreaCape May
Listing VS Median (in 08204)
Price:
$4,750,000
low | high
Med:
$472,400
100% of Average
On Site:
193
low | high
Med:
230
83.913043478261% of Average
Listing Updated: 06/05/2020
MLS Number: 190645
Listing Provided By:
William Bezaire, ePRO  of  Coldwell Banker Sol Needles Real Estate
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