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109 E 9th Ave
Runnemede, NJ 08078
Hotel/Multi-Family Redevelopment Opportunity · Hospitality Property For Sale · 85,652 SF

INVESTMENT HIGHLIGHTS

  • Closed seven-story property ideal for a repositioned hotel or residential conversion opportunity.
  • Situated in a redevelopment area that allows certain tax incentives and advantages.
  • Multiple lodging brands are available from major franchisors including IHG, Choice, Wyndham, and Motel 6.
  • Ideal location on New Jersey Turnpike providing easy access to downtown Camden and Cherry Hill.

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 4.50 AC
Building Size 85,652 SF
No. Stories 7
Year Built/Renovated 1977/2014
Parking Ratio 2.67/1,000 SF
Corridor Interior
Zoning SED

AMENITIES

  • Business Center
  • Fitness Center
  • Pool
  • Restaurant
  • On-Site Bar
  • Meeting Event Space

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
30-00135-0000-00032
Land Assessment
$400,000
Improvements Assessment
$2,000,000
Total Assessment
$2,400,000
  • Listing ID: 21166794

  • Date on Market: 10/7/2020

  • Last Updated:

  • Address: 109 E 9th Ave, Runnemede, NJ 08078

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