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Country Motel 899 Corkery Ln 21 Room Hotel Williamstown, NJ 08094 $1,900,000 ($90,476/Room) 9.83% Cap Rate
EXECUTIVE SUMMARY
Investor’s dream! Welcome to 899 Corkery Lane — a rare and flexible property offering immediate cash flow with long-term upside potential. Strategically located just off the Black Horse Pike in the heart of Williamstown, this well-positioned motel property sits on a spacious parcel with high visibility and easy access to major highways, shore points, and Philadelphia. Currently operating as a fully functional motel, the property features 25 units with private entrances and ample parking.
PROPERTY FACTS
| Price | $1,900,000 | Lot Size | 3.20 AC |
| Price Per Room | $90,476 | Building Size | 9,042 SF |
| Sale Type | Investment | No. Rooms | 21 |
| Cap Rate | 9.83% | No. Stories | 1 |
| Sale Condition | Deferred Maintenance | Year Built | 1960 |
| Property Type | Hospitality | Parking Ratio | 3.54/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | ||
| Zoning | PRC | ||
| Price | $1,900,000 |
| Price Per Room | $90,476 |
| Sale Type | Investment |
| Cap Rate | 9.83% |
| Sale Condition | Deferred Maintenance |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.20 AC |
| Building Size | 9,042 SF |
| No. Rooms | 21 |
| No. Stories | 1 |
| Year Built | 1960 |
| Parking Ratio | 3.54/1,000 SF |
| Corridor | Exterior |
| Zoning | PRC |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
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PROPERTY TAXES
| Parcel Number | 11-11002-0000-00003 | Improvements Assessment | $369,100 |
| Land Assessment | $160,900 | Total Assessment | $530,000 |
PROPERTY TAXES
Parcel Number
11-11002-0000-00003
Land Assessment
$160,900
Improvements Assessment
$369,100
Total Assessment
$530,000
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Country Motel | 899 Corkery Ln
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