301 Mays Landing Rd Somers Point, NJ $ 2,899,999
301 Mays Landing Rd
$ 2,899,999
Share Save

301 Mays Landing Rd

Somers Point, NJ, 08244
$ 2,899,999
Baths0.0

Monthly Estimate*

$ 20,257

301 Mays Landing Rd, Somers Point, NJ 08244 - Image 1
301 Mays Landing Rd, Somers Point, NJ 08244 - Image 2
301 Mays Landing Rd, Somers Point, NJ 08244 - Image 3
301 Mays Landing Rd, Somers Point, NJ 08244 - Image 4
301 Mays Landing Rd, Somers Point, NJ 08244 - Image 5
301 Mays Landing Rd, Somers Point, NJ 08244 - Image 6
301 Mays Landing Rd, Somers Point, NJ 08244 - Image 7
301 Mays Landing Rd, Somers Point, NJ 08244 - Image 8
301 Mays Landing Rd, Somers Point, NJ 08244 - Image 9
301 Mays Landing Rd, Somers Point, NJ 08244 - Image 10
301 Mays Landing Rd, Somers Point, NJ 08244 - Image 11
301 Mays Landing Rd, Somers Point, NJ 08244 - Image 12
301 Mays Landing Rd, Somers Point, NJ 08244 - Image 13
301 Mays Landing Rd, Somers Point, NJ 08244 - Image 14
301 Mays Landing Rd, Somers Point, NJ 08244 - Image 15
301 Mays Landing Rd, Somers Point, NJ 08244 - Image 16
301 Mays Landing Rd, Somers Point, NJ 08244 - Image 17
301 Mays Landing Rd, Somers Point, NJ 08244 - Image 18
301 Mays Landing Rd, Somers Point, NJ 08244 - Image 19
301 Mays Landing Rd, Somers Point, NJ 08244 - Image 20
301 Mays Landing Rd, Somers Point, NJ 08244 - Image 21
301 Mays Landing Rd, Somers Point, NJ 08244 - Image 22
301 Mays Landing Rd, Somers Point, NJ 08244 - Image 23
301 Mays Landing Rd, Somers Point, NJ 08244 - Image 24
301 Mays Landing Rd, Somers Point, NJ 08244 - Image 25
301 Mays Landing Rd, Somers Point, NJ 08244 - Image 26
301 Mays Landing Rd, Somers Point, NJ 08244 - Image 27
301 Mays Landing Rd, Somers Point, NJ 08244 - Image 28
301 Mays Landing Rd, Somers Point, NJ 08244 - Image 29
301 Mays Landing Rd, Somers Point, NJ 08244 - Image 30
301 Mays Landing Rd, Somers Point, NJ 08244 - Image 31
301 Mays Landing Rd, Somers Point, NJ 08244 - Image 32
301 Mays Landing Rd, Somers Point, NJ 08244 - Image 33
301 Mays Landing Rd, Somers Point, NJ 08244 - Image 34
301 Mays Landing Rd, Somers Point, NJ 08244 - Image 35
301 Mays Landing Rd, Somers Point, NJ 08244 - Image 36
301 Mays Landing Rd, Somers Point, NJ 08244 - Image 37
Studio

Commercial Property for sale in Somers Point, NJ

for $2,899,999.

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.

See more

Commercial Active

Price

$ 2,899,999

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 27,029

Style

Motel

Town/City

Somers Point

County/Region

Atlantic

MLS | Web ID

582833

Features
Interior
# of Units 23
See more
General
Status Active Active
Style Motel
Class COMMERCIAL/INDUSTRIAL
Tax Year 2022
Waterfront No
Area Somers Point City
Taxes 27029
See more
Exterior
Lot 2
Lot Dimensions 150 x 190
Exterior Features Swimming Pool
See more
* Excluded Features
List By
Compass New Jersey-Ocean City

Broker

Affordability Calculator

$22,510
Per Month
90%
10%
0%
Monthly Principal & Interest
$20,257
Monthly Property Taxes
$2,252
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
760537 Elementary School
760538 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/25/2024$2,899,999 -3.33% Price Down
4/1/2024$3,000,000 -6.25% Price Down
3/4/2024$3,200,000 Listed Price

Map


See all

301 Mays Landing Rd, Somers Point, NJ, 08244 is a Commercial Property for sale at $2,899,999. 301 Mays Landing Rd is a studio with 0.0 baths. The property's zip code is 08244 which is in Somers Point, NJ