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 Ave 114-123 W Roberts Ave, Wildwood, NJ 08260 Peter Meyer Meyer & Meyer Realty 2706 Kirkwood Hwy,Wilmington, DE 19805 [email protected] (302) 994-9600 Ext: 222

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Page 1: 114-123 W Roberts Ave - LoopNet · 2019-03-29 · 114-123 W Roberts Ave $750,000 Located four blocks from the ocean, directly in the middle of the Wildwood island, this motel is centrally

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

mailto:[email protected]

Page 2: 114-123 W Roberts Ave - LoopNet · 2019-03-29 · 114-123 W Roberts Ave $750,000 Located four blocks from the ocean, directly in the middle of the Wildwood island, this motel is centrally

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

••

Page 3: 114-123 W Roberts Ave - LoopNet · 2019-03-29 · 114-123 W Roberts Ave $750,000 Located four blocks from the ocean, directly in the middle of the Wildwood island, this motel is centrally

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 -

Page 4: 114-123 W Roberts Ave - LoopNet · 2019-03-29 · 114-123 W Roberts Ave $750,000 Located four blocks from the ocean, directly in the middle of the Wildwood island, this motel is centrally

114-123 W Roberts Ave, Wildwood, NJ 08260

Page 5: 114-123 W Roberts Ave - LoopNet · 2019-03-29 · 114-123 W Roberts Ave $750,000 Located four blocks from the ocean, directly in the middle of the Wildwood island, this motel is centrally

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