Motel for Sale in Somers Point, NJ!

Somers Point, NJ
Atlantic County

On Major Highway in Jersey Shore area.


Asking Price: Annual Revenue:
$2,400,000 $528,000

Services: Hotel, Motel, Lodging


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RE: Motel for Sale in Somers Point, NJ! Broker: Eleanor Murray
Owner Financing is Available!
5/20, 5%

Quick Facts

Asking Price: $2,400,000
Annual Revenue: $528,000
Net Profit: Not Disclosed
Cash Flow: $409,500
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1971
Employees: Not Disclosed
BBN Listing #: 568417398
Broker Reference #: 1461

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Business Overview:

Property includes: 14 Efficiency motel Rooms, 10 Apartment Units, Restaurant + 6 lots. 2 additional potential apartments.
10 Apartments $402.50- $450 per week incl. taxes
14 Efficiencies $265 per week.
On major highway in Somers Point, NJ. Area. Fully furnished. Seller wants to sell in "As Is" condition. Seller financing with $500,000 down!

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Property Features and Assets:

14 Efficiency motel Rooms, 10 Apartment Units, Restaurant + 6 lots. 2 additional potential apartments.

Reason for Selling:

Illness

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

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