$1,050,000
$1,100,000
4.5%For more information regarding the value of a property, please contact us for a free consultation.
5,376 SqFt
SOLD DATE : 12/14/2023
Key Details
Sold Price $1,050,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 5,376 sqft
Price per Sqft $195
MLS Listing ID 2352531M
Sold Date 12/14/23
Originating Board CJMLS API
Year Built 1969
Annual Tax Amount $11,068
Tax Year 2022
Lot Size 3.441 Acres
Acres 3.4407
Property Description
Rare Opportunity to own well managed profitable Motel in New Jersey. 18 Rooms Motel with separate Villa. 3.44 Acres of independent land back to woods. Motel office can be converted back to Motel room to make 19 rooms Motel. Managed by absentee Owners, retiring after running Motel for 35 years. All sale thru self managed website, Expedia, Hotel.com etc. Potential to increase sale and self manage Motel. Villa has 3 rooms and 1 1/2 toilets, basement, additional office space, with its own heat, hot water. Villa needs updating. Converting Villa to coffee shop, owner/manager residence, office, medical office can add more revenue. Big lot has potential to add more Motel rooms. Very near to Fort Dix - very large army/air base. Sold AS IS.
Location
State NJ
County Burlington
Interior
Heating See Remarks
Cooling Window Unit(s)
Flooring Carpet, Ceramic Tile
Heat Source Oil, Propane
Exterior
Utilities Available See Remarks
Roof Type Asphalt
Total Parking Spaces 30
Building
Lot Description Highway Commercial
Story 2
Sewer Septic Tank
Water Well
Others
Senior Community no
Tax ID 340190200000000403
Energy Description Oil,Propane
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "