Description
ONLINE BIDDING OPENS FEBRUARY 13 AT 9:00 AM and CLOSES FEBRUARY 15 AT 1:30 PM. List price based on tax assessment. Early offers presented. LENDER REQUEST SALE. 2020 Gross Income $436K. Motel vacant since June, 2022. Last permitted for 70+ Rooms, up to 85 available. Close to I-95 and I-85, 10 min from Fort Lee. Rehab or Redevelop 1.3+ acres. 202 ' Road Frontage. City requests repair or demolition. Opportunity - rehab or redevelop. Last permitted for 70 rooms, more available. 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.
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0BEDS
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1.4ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
ONLINE BIDDING OPENS FEBRUARY 13 AT 9:00 AM and CLOSES FEBRUARY 15 AT 1:30 PM. List price based on tax assessment. Early offers presented. LENDER REQUEST SALE. 2020 Gross Income $436K. Motel vacant since June, 2022. Last permitted for 70+ Rooms, up to 85 available. Close to I-95 and I-85, 10 min from Fort Lee. Rehab or Redevelop 1.3+ acres. 202 ' Road Frontage. City requests repair or demolition. Opportunity - rehab or redevelop. Last permitted for 70 rooms, more available. 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.
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Listing provided by Tranzon Fox Auctions: 804-354-9090. Listing information © 2023 CVRMLS and CBRAR.