Timothy Kunigus - Coldwell Banker Hearthside
1575 Route 47
WOODBINE, NJ 08270

Description

Formerly the "EL DORADO MOTEL", awaits for the right owner to re-open. Great opportunity for anyone looking to venture into the motel business, with the ability to live where you work. This property sits on almost 10 acres of land, which backs up to an additional conservation acres. The main building has an reception area, with 3 bedrooms & 1 bath for owner occupants. The motel has 24 1 Bedroom(approx.. 12x17sf) 1 Bathroom Motel Rooms. This property is being sold strictly "As-In" condition. Located just 13 miles from Avalon and shore points. Great investment opportunity for owner occupants, or anyone looking to own their own motel. Property has been vacant for several years, and would need to be fully renovated. Any change of use would require a variance from the township, but if approved, this could potentially be a great opportunity for a sober-living, or assisted living, or similar usage where numerous beds are all on first floor...endless possibilities!

Details

MLS#1002082520
StyleIndustrial
Sub-TypeResale
StatusActive
Year2018
Days On Site26

Features

Story(s)0
ZoningR3

Market Activity 08270

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Area Information

StateNJ
CityWOODBINE
Zip Code08270
AreaDennis Twp (20504)
Listing VS Median (in 08270)
Price:
$300,000
low | high
Med:
$122,000
100% of Average
On Site:
26
low | high
Med:
165
15.757575757576% of Average
Listing Updated: 08/15/2018
MLS Number: 1002082520
Listing Provided By:
Alan Forte  of  Keller Williams Realty - Cherry Hill

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