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Motel 805 W New York Ave

22 Room Hotel Somers Point, NJ 08244 £1,799,635 (£81,802/Room)

Investment Highlights

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

Executive Summary

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.

Property Facts

Price £1,799,635 Lot Size 0.69 AC
Price Per Room £81,802 Building Size 8,937 SF
Sale Type Owner User No. Rooms 22
Sale Conditions
Design & Build
  • Business Value Included
 Number of Floors 2
Property Type Hospitality Year Built 1958
Property Subtype Hotel Corridor Exterior
Building Class C Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price £1,799,635
Price Per Room £81,802
Sale Type Owner User
Sale Conditions
Design & Build
  • Business Value Included
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 0.69 AC
Building Size 8,937 SF
No. Rooms 22
Number of Floors 2
Year Built 1958
Corridor Exterior
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 22 £32.86 -
1 of 1
Walk Score ®
Very Walkable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 21-01423-0000-00001 Improvements Assessment £391,225
Land Assessment £352,103 Total Assessment £743,328

PROPERTY TAXES

Parcel Number
21-01423-0000-00001
Land Assessment
£352,103
Improvements Assessment
£391,225
Total Assessment
£743,328

zoning

Zoning Code R-1
R-1
  • Eleanor Murray
    Eleanor Murray
  • Murray & Associates
(856) 428-8900

  • Listing ID: 33868844

  • Date on Market: 14/11/2024

  • Last Updated:

  • Address: 805 W New York Ave, Somers Point, NJ 08244

The Hospitality Property at 805 W New York Ave, Somers Point, NJ 08244 is currently available For Sale. Contact Murray & Associates for more information.

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805 W New York Ave, Somers Point, NJ for sale Primary Photo- Image 1 of 2
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Motel | 805 W New York Ave
(856) 428-8900 x

Motel | 805 W New York Ave

Eleanor Murray

(856) 428-8900

(856) 428-8900

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