114-123 w roberts ave - loopnet · 2019-03-29 · 114-123 w roberts ave $750,000 located four...
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114-123 W Roberts Ave114-123 W Roberts Ave, Wildwood, NJ 08260
Peter MeyerMeyer & Meyer Realty2706 Kirkwood Hwy,Wilmington, DE [email protected](302) 994-9600 Ext: 222
Price: $750,000
Property Type: Hospitality
Property Sub-type: Motel
Building Class: C
Sale Type: Investment
Lot Size: 0.50 AC
Building Size: 18,000 SF
No. Rooms: 36
No. Stories: 2
Year Built: 1950
Parking Ratio: 0.67/1,000 SF
Zoning Description: R-2
APN / Parcel ID: 14-00116-0000-00026
114-123 W Roberts Ave$750,000
Located four blocks from the ocean, directly in themiddle of the Wildwood island, this motel is centrallylocated and close to public transportation. Facilitiesinclude laundry room facilities, 36 units, storage and offstreet parking for 12 cars. There is also plenty of streetparking. Wood framing with updated flat roof and newhot water heaters just installed. Call to schedule yourprivate tour.
Historically proven cash flow property, the owners haveoperated this motel for over 45 years. Currentlymanaged as a year around motel specializing to weeklyand long term tenants in the seashore community. Themotel can also be purchased along with a triplex nextdoor and a duplex across the street from the owners fortotal of $1.250,000. Purchase one property or all three.Each to view, please give at least 48 hours notice forshowings, no Sunday appointments and do not contactthe owners directly. Broker must attend all showings.Email me for the financials.
45 Years in Business
Package deal available with duplex & triplex
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Unit/Room Mix Information
Description No. Rooms Avg. Daily Rate
Double (Queen) 36 undefined
Major Tenant Information
Tenant SF Occupied Lease Expired
Blue Heron Motel -
114-123 W Roberts Ave, Wildwood, NJ 08260
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