516-428-7620
1132 Route 73, Mount Laurel, NJ for Sale
Hospitality - FOR SALE
1/6
null | Request Cap Rate

1132 Route 73
Mount Laurel, NJ 08054


HIGHLIGHTS

  • Managed as a Rodeway Inn, part of Choice Hotels International, providing global reservation system access.
  • Benefit from significant capital improvements made new boiler, Solar panels has 2-3 years financing left, which will help reduce PSEG cost.
  • The 3-mile radius boasts a median household income of $107,079 and a daytime employee population exceeding 70,000.
  • The property features solar panels installed on the roof, as visible in aerial and building photography, potentially reducing operational energy costs

OVERVIEW

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

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

90

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rodeway Inn Mount Laurel Hwy 73

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1975

PARKING SPACES

131

LAND DETAILS

LAND ACRES

3.22 AC

LAND SF

140,263 SF

ZONING

B

APN/PARCEL ID

24-01306-01-00007

ASK ABOUT THIS PROPERTY

Iftikhar HaqKeller Williams Realty West MonmouthMore Info
516-428-7620

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Iftikhar HaqKeller Williams Realty West MonmouthMore Info
516-428-7620

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.