c21@guamparadise.com

875 North Route 2, Inn on the Bay
Agat, GU 96915

  • $6,750,000
Closed Commercial Building for Sale
  • MLS# 20-1378
  • Commercial Building for Sale
  • Property Type
  • ********
  • Bedrooms
  • ********
  • Bathrooms
  • 36899
  • Square Feet
  • 1989
  • Year Built

Description

Inn on the Bay is undergoing a conversion to condominiums. Per a Feb. 2020 appraisal, the value of the currently occupied 62 residential units only, once converted to condos, is estimated to be $8.5 Million. In addition to the 62 residential units, there is an additional 8,242 sf in non-residential space, which, depending on its ultimate usage, could increase the value of the property to $10 Plus Million. Per management, occupancy rate for last 3 years has been 95%-98%. Info provided is deemed accurate but not guaranteed and Buyer is strongly urged to conduct their own independent investigation.Financial and other info available with signing of confidentiality NDI agreement.

Contract Information

  • Current Price: $5,200,000
  • List Date: 2020-05-09
  • Status: Closed
  • List Price: $6,750,000
  • Lock Box Info: None

Pending/Sold Information

  • Sold Date: 2020-10-07
  • Sold Price: 5200000

Location

Open on Google Maps
  • Building/House #: 875
  • Street Direction Pfx: North
  • Street Name: Route 2
  • Building Name: Inn on the Bay
  • Village: Agat
  • Postal Code: 96915
  • State/Province: GU
  • Geo Lat: 13.400124
  • Geo Lon: 144.663422

Property Description

  • Book Section: Commercial
  • Realtor.com Type: Commercial
  • Living Area SqFt: 36899
  • SqFt Source of Info: REALTOR
  • Year Built: 1989
  • Lot +/- Sq Meters: 5789
  • Stories: 3
  • Access: Paved
  • Flood Zone: UNKNOWN
  • Zoning: C
  • View: Beach Front
  • Condition: Excellent
  • Ownership: Fee Simple

Taxes & Legal

  • Lot: Lot 235-3NEW, Agat,

Utilities

  • Sewer/Septic: Publc Sewer

Appliances

  • Appliances: Stove and Refrigerator

Parking

  • # of Space Uncovered: 62

Features & Amenities

  • Security Guard: Full Time

Com Area Fee Include

  • Security: 1
  • Trash/Recycle Collection: 1

Property Features

  • Construction: Poured Concrete
  • Roof: Concrete
  • Flooring: Ceramic Tile
  • Elevators: Passenger
  • Laundry: Laundry Room
  • Backup Generator: Full
  • Features & Amenities: Fire Sprinkler Sys.; Mail Delivery; Pavilion/BBQ Area; Prof. Landscaping; Security Camera
  • Com Area Fee Include: Insurance; Typhoon Coverage; Water; Electricity; General Maintenance

Last Updated: April - 11 - 2022

875 North Route 2, Inn on the Bay, Agat, GU 96915 - MLS# 20-1378

All properties are subject to prior sale, exchange or withdrawal. Neither listing broker(s) nor displaying broker, nor the GUAM ASSOCIATION OF REALTORS, INC. Multiple Listing Service shall be responsible for any typographical errors, misinformation, or misprints. Copyright 2020 GUAM ASSOCIATION OF REALTORS, INC. Multiple Listing Service. All rights reserved.

Thursday 18th of April 2024 04:56 PM

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