Motel For Sale in Somers Point, NJ
(Motel, Hotel)
New Jersey
Listed Price: $ 2,300,000
Listing ID: 1551
Listing DetailsReal Estate: $ 2,350,000 (Included in Price)
Reason for Sale:
Illness
Training & Support:
2 Weeks
OperationsYear Established: 1971
Last Acquired: 1971
Absentee Owner: No
LocationLease Expire: 0000-00-00
Type of Location: Stand Alone
SummaryBusiness Description:
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 per month (150x100), 6 lots (67x150 each) and a residential house (75x150). Average rent for units is $350-$450 weekly. Selling for appraised value.