$1,500,000
$1,200,000
25.0%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 05/09/2024
Key Details
Sold Price $1,500,000
Property Type Commercial
Sub Type Motel
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 240535
Sold Date 05/09/24
Year Built 1965
Annual Tax Amount $10,980
Tax Year 2022
Lot Dimensions 4.79 acres
Property Description
HIGHEST AND BEST DUE WEDNESDAY, FEBRUARY 28th BY 5:00PM - Investor Alert!! Unique business opportunity with a proven cashflow track record. A 30-unit motel located on highly visible Route 47 in Middle Township. Whispering Woods has been successfully family-owned and operated for decades, and now awaits your vision to take it to the next level. The well-maintained property consists of multiple buildings and units of varying configurations spread across approximately 4.79 acres. Being located in an area that traditionally has both a demand for affordable rental options and limited rental availability translates into a strong history of high occupancy. Don’t let this opportunity slip by. Call today. 24-hour notice required for all showings and financial information available upon request to serious, qualified buyers.
Location
State NJ
County Cape May County
Area Green Creek
Zoning VC
Rooms
Other Rooms Office Space Avail
Interior
Heating Gas Propane, Electric, Baseboard, Space/Wall/Floor
Cooling Wall Air Conditioning, Other (See Remarks)
Flooring Linoleum/Vinyl
Exterior
Exterior Feature Sign, Other (See Remarks)
Garage 11 Or More Spaces, Off Street, Paved, Other (See Remarks)
Building
Sewer City
Water Well
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Bought with Coldwell Banker Sol Needles Real Estate
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