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Rio Grande, NJ
High , High, High occupancy rate ! This 34 unit motel is located between the entrance of Lowes and Walmart and in the center of the Rio Grande Business district. Bus line directly in front of building and walking distance to over 50 retail and medium box stores. The owners have upgraded most of the rooms baths and installed tile floors to many rooms. The owners quarters is over 3000 sq. ft. with a center courtyard and private pool. This courtyard and pool area can be opened up to guests . New roof and exterior recently done. Very strong and consistent income numbers. All buyers must have proof of funding and sign NDA for financial disclosures.
A high occupancy year round Motel in the center of Rio Grande's business district. 22 motel rooms plus a sizeable and modern 2 bedroom 1 bath owners residence with 2 car garage. Ample parking and immediate access to public transportation between Route 9 and the Garden State Parkway. Summer guests have the convenience of a swimming pool plus an inexpensive alternative to the Island Motels. Strong consistent income or assemble the adjacent properties for a 400x400 parcel . Zoned TC which also allows for Restaurants , Medical use, Shopping centers , Professional offices , Care facilities. P&L available with prequel and NDA.
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