$950,000
$1,100,000
13.6%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 10/19/2022
Key Details
Sold Price $950,000
Property Type Commercial
Sub Type Motel
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 220607
Sold Date 10/19/22
Annual Tax Amount $13,277
Tax Year 2021
Lot Dimensions 195x223
Property Description
Located on highly visible North Wildwood Boulevard sits The Meadowbrook Motel. This well-maintained motel has operated as an affordable vacation destination since its inception. The motel offers twenty units, each with a private bathroom and shower stall, a large in-ground pool, multiple storage sheds and a previously operational commercial kitchen with coffee shop space. There are also owner's quarters on site. A multi-family home operates as the motel office and laundry room with level one and two offering private living space. Level one's living space offers two bedrooms, two bathrooms, a kitchen, dining room, parlor and large living room. Level two of the home offers a one bedroom, one bathroom apartment with kitchenette and living room. This property has endless possibilities for development potential. It is located five minutes from North Wildwood and is on a highly visible road at the base of the North Wildwood Bridge.
Location
State NJ
County Cape May County
Area Cape May Court House
Zoning commercial
Location Details Mainland,Highway
Rooms
Other Rooms Coffee Shop, Laundry Room, Office Space Avail, Utility Room
Multi-Unit Info
Total Units 22
Interior
Interior Features Living Space Available, Restroom, Security System, Smoke/Fire Alarm, Storage
Heating Gas Propane
Cooling Wall Air Conditioning
Flooring Wall To Wall Carpet, Linoleum/Vinyl
Exterior
Exterior Feature Swimming Pool, Restrooms, Storage Building, Recreation Facilities, Fence, Security Light/System
Garage 11 Or More Spaces, Off Street, Paved
Parking On Site 11
Building
Lot Description Mainland, Highway
Sewer Septic
Water Well
Structure Type Block,Other (See Remarks)
Read Less Info
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Bought with deSatnick Real Estate LLC - North Wildwood
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