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3911 Bayshore Rd

3,500 SF Speciality Building Offered at £2,663,220 at a 9.71% Net Initial Yield in Cape May, NJ 08204

Investment Highlights

  • It is a profitable business and beautiful property

Executive Summary

The property, all buildings and vineyard are to be sold together.

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income - -
Other Income £517,601 £147.89
Vacancy Loss - -
Effective Gross Income £517,601 £147.89
Taxes - -
Operating Expenses - -
Total Expenses £258,527 £73.86
Net Operating Income £259,075 £74.02

Financial Summary (Actual - 2023)

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual £517,601
Annual Per SF £147.89
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £517,601
Annual Per SF £147.89
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual £258,527
Annual Per SF £73.86
Net Operating Income
Annual £259,075
Annual Per SF £74.02

Property Facts

Price £2,663,220
Price Per SF £761
Sale Type Investment
Net Initial Yield 9.71%
Sale Conditions
Portfolio Sale
  • Business Value Included
Property Type Speciality
Property Subtype Winery/Vineyard
Building Class B
Lot Size 4.73 AC
Building Size 3,500 SF
Number of Floors 4
Year Built 1999

About 3911 Bayshore Rd , Cape May, NJ 08204

PRICE REDUCED... A beautiful, favorite winery in South Jersey is looking for its next passionate owner. This is a great opportunity for a passionate wine lover or a larger winery to acquire specially grafted wine varieties unavailable elsewhere in the region. Property: Acreage: 4.78 acres Residence: Single-family home (1944 sq ft, three bedroom, 2.5 bath) Winery Facilities: Fully equipped 1,152 square feet pole barn for production and 828 sq. feet + 336 sq. feet space for bottling, storage, and tasting Business: Established: 1999 Annual Production: 1,100 cases Specialization: Italian grape varietals Grape Varieties: Albariño, Barbera, Cabernet Sauvignon, Merlot, Nebbiolo, Nero d'Avola, Pinot gris, Pinot noir, Riesling, Sangiovese, Sauvignon blanc, and Syrah Signature Wines: Nero d'Avola (one of two wineries in the US producing this varietal) Additional Information: Turnkey operation with a proven track record Award-winning wines Strong potential for growth and expansion Beautiful setting with a loyal customer base and established distribution channels The winery is in two separate buildings for bottling, storage, and tasting. The winery is surrounded by the vineyard, and customers purchase the wine onsite and enjoy it on the patio set in a serene environment. The owner has a farm winery license, which allows them to produce up to 50,000 gallons of wine per year, operate up to 15 off-premises sales rooms, and ship up to 12 cases per year to consumers in-state or out-of-state. A few other wineries produce and serve local wine, but this winery offers several unique Italian grape varieties. Current owners have brought their generational knowledge of wine cultivation to this part of New Jersey. A few other wineries produce and serve local wine, but this winery offers several unique Italian grape varieties. Current owners have brought their generational knowledge of wine cultivation to this part of New Jersey. A few other wineries produce and serve local wine, but this winery offers several unique Italian grape varieties. Current owners have brought their generational knowledge of wine cultivation to this part of New Jersey. A few other wineries produce and serve local wine, but this winery offers several unique Italian grape varieties. Current owners have brought their generational knowledge of wine cultivation to this part of New Jersey.

zoning

Zoning Code Vineyard (Residential)
Vineyard (Residential)
  • Listing ID: 31878764

  • Date on Market: 21/05/2024

  • Last Updated:

  • Address: 3911 Bayshore Rd, Cape May, NJ 08204

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