LENDER ORDERED - Former 70+ Room Motel US Rt 301
2020 Gross Income $436K
Motel Vacant since June, 2022
Last Permitted for 70 rooms, up to 85 available
Rehab or Redevelop 1.3+ acres, 202' Road Frontage
Lender requests sale, City requests repair or demolition. Opportunity - rehab or redevelop. Last permitted for 70 rooms, plus owner/manager apartment. A few more rooms available with renovation. 2 building motel on 1.3+ acres, with 86 parking spaces. Motel was operational until June, 2022. Average annual daily traffic count 6,500 vehicles. Cigarette fire in room 106 occurred in 2022. City requests structural inspection, has list of repairs to be done.
Parcel ID#: 012-260023
2022 Tax Assessment: $735,400
2022 Annual Taxes: $ 9,928
This property is located within a designated Enterprise Zone. Here are a few related links that prospective bidders may find useful:
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