$465,000
$465,000
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9,000 SqFt
SOLD DATE : 08/21/2020
Key Details
Sold Price $465,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 9,000 sqft
Price per Sqft $51
MLS Listing ID NJCM104212
Sold Date 08/21/20
HOA Y/N N
Originating Board BRIGHT
Year Built 1972
Annual Tax Amount $10,117
Tax Year 2019
Lot Size 9,000 Sqft
Acres 0.21
Lot Dimensions 90.00 x 100.00
Property Description
Attention Investors - Welcome to Pilgrim's Pride Motel located 1 block from Wildwood Crest and 3 blocks to the beach. The 9 room motel is an ideal investment due to it's location. 7 of the rooms are efficiencies featuring a living and dining space, refrigerator with freezer, cooktop, and all dishes and silverware along with a full bathroom and a double bed bedroom with a door for privacy. 2 of the rooms feature a bed, bathroom, small mini fridge, dresser, and table with chairs. The owner once occupied the 3 bedroom, 2 full bathroom apartment with a full kitchen, washer and dryer, dining room, and living room with a fireplace. Booking dot com has peak season rates around $165 a night for the rooms and if the 3BR, 2BA apartment stayed you could rent it for $1,600 a week. Sale is part of an estate sale and is being sold as-is which is reflected in the price.
Location
State NJ
County Cape May
Area Wildwood City (20514)
Zoning GC
Interior
Hot Water Natural Gas
Heating Baseboard - Electric
Cooling Window Unit(s), Wall Unit
Heat Source Oil
Exterior
Garage Spaces 9.0
Waterfront N
Water Access N
Accessibility None
Parking Type Parking Lot
Total Parking Spaces 9
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Wildwood City Schools
Others
Tax ID 14-00014-00001
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Fredric M DiAntonio • Shore Points Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "