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301 Mays Landing Rd, Somers Point

$2,750,000   | Active

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Type: COMMERCIAL/INDUSTRIAL    |   Bedrooms:    |   Bathrooms:    |   Half Baths: 0    |   0 Days on Market    |   MLS: 582833

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DESCRIPTION

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Welcome to "The Passport Inn" (6 MacArthur Blvd) a rare and exceptional opportunity to own a prime piece of real estate in the highly sought after area of Somers Point, NJ. This unique property features an impressive 8698 square feet of space made up of a 22-unit motel and an additional 3-bed 2-bath apartment, perfect for owner's quarters or additional rental ABNB income. The apartment has always been utilized by the owners who have owned and operated the property for over 30 years. The property boasts a sizable lot measuring 150 x 190 square feet, providing ample space for guests to enjoy. With impressive cash flow over the past 30 years and a desirable location across the street from the renowned Crab Trap restaurant and right over the 9th St bridge leading into Ocean City, this property presents an unparalleled opportunity to capture the shore rental market. The motel consistently operates at 100% capacity during the summertime and maintains a strong 70% booking rate in the offseason, ensuring a steady income stream with a loyal repeat customer base all year round. In 2011 the property underwent upgrades and renovations including new electric, plumbing, stucco, roof, pool, heating air system, and much more. Don't miss out on this one-of-a-kind location and the chance to own a thriving business in the desirable Somers Point area. Franchise can be cancelled at any time without penalty. Training and help will be provided to new owners if needed.

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    Last Database Update: 07/16/2024
    Illustration of a gapListing Courtesy of Compass New Jersey-Ocean City.
    © 2015 South Jersey Shore Regional MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional MLS. Real Estate listings held by brokerage firms other than Monihan Realty are marked with the Broker Reciprocity logo (a little black house) and detailed information about them includes the name of the listing brokers. Information is deemed reliable but is not guaranteed. The broker providing these listings to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. The information being provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties in which they may be interested in purchasing.
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    301 Mays Landing Rd, Somers Point
    For Sale: $2,750,000
    MLS: 582833

    Bed: | Bath: LOT:150 x 190 | DOM:0
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    3201 Central Avenue
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    Monihan Realty - Ocean City New Jersey
    Office Location - 717 Battersea Road, Ocean City New Jersey
    717 Battersea Road
    Ocean City, NJ
    609-399-1311
     
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