Seaway Motel

Hospitality for Sale
Catylist Listing ID: 30479635
Property Subtypes: Motel
Number of Units: 29 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Gross Land Area: 0.92 Acres
Sale Price: $800,000
Unit Price: $27,586.21 Per Unit
Ceiling: 9 ft.
Property Use Type: Investment, Business
Building Name: Seaway Motel
Name of Establishment: Seaway Motel
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/4/2019

Overview / Comments

Operate this as a motel or build your own business on this site. This 29-room motel includes an outdoor pool and sits on almost an acre of prime real estate next to Bus-31 (Seaway Drive) and across the street from Meijer. Art Van is adjacent to the property, as well as a proposed redevelopment project which will include a 126-unit apartment complex and a medical office building. There are approximately 13 rooms with 2 king-sized beds and 16 rooms with 1 king-sized bed.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $14,044 (Annual)
Tax Value Land $122,000
Tax Value Improvements $237,400
Assessed Value - Total($) $237,400 (Annual)

Additional Details

Nearest MSA: Muskegon
County: Muskegon
Taxing Authority: City of Norton Shores
Tax ID/APN: 61-27-107-100-0006-00
Zoning: C-2
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: Seaway Drive (Bus-31) & Henry
Property Visibility: Excellent
Largest Nearby Street: Seaway Drive (Bus-31)
Feet of Frontage: 174
Highway Access: Bus-31
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1960
Year Renovated: 1970
Total Parking Spaces: 29
Parking Type: Surface
Parking Description: Parking lot
Heat Source: Heat Pump
Air Conditioning: Other
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,200 60,473 99,309
Median Age: 37.47 37.01 37.6
Households: 5,245 24,017 38,242

Contact

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