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$ 6,500,000
Est. payment | /mo
41,148 SqFt
$ 6,500,000
Est. payment | /mo
41,148 SqFt
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 41,148 sqft
Price per Sqft $157
Municipality Mt. Laurel (MTL)
MLS Listing ID 22607780
Annual Tax Amount $125,070
Tax Year 2025
Lot Size 2.420 Acres
Acres 2.42
Property Sub-Type Commercial
Source MOREMLS (Monmouth Ocean Regional REALTORS®)
Property Description
The Rodeway Inn Mount Laurel Hwy 73 is a 92-room, exterior corridor ,economy-class hotel strategically located at 1132 Route 73, Mount Laurel, NJ 08054. Situated on a prime 3.22-acre suburban lot, the property is a franchise-operated facility under the Choice Hotels International umbrella. The building features a durable two-story, exterior corridor design constructed with reinforced concrete.
Following an initial renovation in 2012, the property underwent extensive capital improvements in 2023, including the installation of a new boiler, comprehensive new plumbing, and new PTAC units in all guest rooms. This asset represents a great opportunity for hands-on operations, benefiting from a high-traffic location that sees nearly 65,000 vehicles daily and a robust local economy with over 70,000 daytime employees within a three-mile radius
Following an initial renovation in 2012, the property underwent extensive capital improvements in 2023, including the installation of a new boiler, comprehensive new plumbing, and new PTAC units in all guest rooms. This asset represents a great opportunity for hands-on operations, benefiting from a high-traffic location that sees nearly 65,000 vehicles daily and a robust local economy with over 70,000 daytime employees within a three-mile radius
Location
State NJ
County Burlington
Area None
Building/Complex Name None
Direction Route 73, Mount Laurel
Exterior
Parking Features On Site
Private Pool No
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 24-01306-01-00007-02

Listed by Keller Williams Realty Freehold
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