Condo Hotel for Sale in Cape May County, NJ.

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1336A

Business Description

Condo Hotel for Sale in Cape May County, NJ. 23400 SF. 24 oceanfront units. All units are approved for individual condo's to be sold or rented. (11) 2 Bedroom, 2 Baths, (13) 1 Bedroom, 1 Bath. Has separate Heat, AC and Electric for each unit. Parking for all 24 units. Building only 11 years old. Price include extra property in back and parking lot. Seasonal: Open April through October. Closed November 1st. through March. Can open year-round. Can be turned into Air BNB. Same owner for 11 years.

About the Business

Year Established:
2007
Number of Employees:
5 PT
Real Estate:
Owned
Building Sq. Ft.:
23,400
Facilities:
Pool, Bar, Laundry room
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About the Sale

Reason For Selling:
Retiring
Training/Support:
3 Weeks

Listing Info

ID:
1552792
Ad Detail Views:
506
Asking Price:
$6,500,000

Gross Revenue:
$532,000
Cash Flow:
$320,000
EBITDA:
$320,000
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
$6,500,000
included in asking price

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Business Listed by

Eleanor Murray

Murray & Associates

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U.S. Census Data for Cape May County, NJ
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Cape May County, NJ
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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