About 128 Ridgewood Avenue
Short Sale. Income-Producing 8-Room Motel with Owner’s Penthouse/Office Opportunity – Prime Location on Ridgewood Ave Exceptional investment opportunity located at 128 Ridgewood Ave! This 8-room motel offers strong income potential with endless possibilities for an owner-operator, investor, or hospitality entrepreneur. Situated on a high-visibility corridor, this property combines steady lodging revenue with the added benefit of an on-site office or spacious penthouse living quarters. The property features eight guest rooms designed for short- or long-term stays, ample parking, and excellent exposure to both local and traveling traffic. The attached office/penthouse provides flexibility for on-site management, private owner accommodations, or additional rental income. Whether you’re looking to expand your investment portfolio, operate a boutique roadside motel, or create a live/work hospitality business, this property offers tremendous upside potential. Conveniently located near shopping, dining, major roadways, and area attractions, this motel is positioned to attract both repeat and transient guests. Don’t miss this rare chance to own an income-producing property with built-in residential or management space in a growing area!
Features of 128 Ridgewood Avenue
| MLS® # | TB8501724 |
|---|---|
| Price | $825,000 |
| Square Footage | 2,540 |
| Acres | 0.59 |
| Year Built | 1948 |
| Type | Business Opportunity |
| Sub-Type | Hotel/Motel |
| Status | Active |
Listing Details
| Office | DEXTER REALTY GROUP |
|---|
Listing Map
Neighborhood Information for 128 Ridgewood Avenue
Moderate Residential Turnover
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
Friendship Academy Private - Preschool to Preschool |
1 Miles | |
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Basilica School Of St Paul Catholic - Preschool to 8Th Grade - Closest Elementry School |
1 Miles | |
|
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Imagination Station Too Montessori Private - Preschool to Kindergarten |
1 Miles | |
|
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The Chiles Academy Public - 6Th Grade to 12Th Grade |
1 Miles | |
|
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Our Lady Of Lourdes Catholic School Catholic - Preschool to 8Th Grade - Closest Middle School |
1 Miles | |
|
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Richard Milburn Academy Public - 9Th Grade to 12Th Grade |
1 Miles | |
|
|
Riverview Learning Center Public - 6Th Grade to 12Th Grade |
1 Miles |
School data provided by GreatSchools