805 W New York Ave - Hospitality FOR SALE


Somers Point, NJ 08244
$2,300,000 USD
856-428-8900
805 W New York Ave, Somers Point, NJ for Sale
$2,300,000 USD
Hospitality - FOR SALE
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805 W New York Ave
Somers Point, NJ 08244


HIGHLIGHTS

  • Business comes with a residential property.
  • Selling for current appraised value.

OVERVIEW

Motel for sale in Somers Point, NJ. Motel (206x150) includes 14 efficiency units, 10 apartments, a restaurant with a triple net lease that rents for $3,500 month to month (150x100), 6 lots (67x150 each) and a residential house (75x150). Average rent for units is $350-$450 weekly. Selling for appraised value.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$257 USD /SF

# OF ROOMS

22

PRICE/ROOM

$104,545 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1958

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,000 SF

ZONING

R-1

APN/PARCEL ID

21-01423-0000-00001

ASK ABOUT THIS PROPERTY

Eleanor MurrayMurray & AssociatesMore Info
856-428-8900

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Eleanor MurrayMurray & AssociatesMore Info
856-428-8900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.