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


675000
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$6,750,000
875 North Route 2, Inn on the Bay
Agat, GU 96915
MLS# 20-1378
Status: Pending
36899 sqft


Welcome
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Welcome Main Entrance Main Entrance Welcome Parking and front view Parking and front view Front view Front view Wide, breezy, walkways for all 3 floors. Wide, breezy, walkways for all 3 floors. The courtyard. The courtyard. The Court yard. View from the front View from the front View from the front View from the front The building on the ocean side showing balconies and individual split aircons. The building on the ocean side showing balconies and individual split aircons. Inside an occupied unit. Inside an occupied unit. Inside an occupied unit. Inside an occupied unit. Inside an occupied unit. Inside an occupied unit. Balcony views. Balcony views. Balcony views. Balcony views. Pool and Party Area. Pool and Party Area. Pool and Party Area. Pool and Party Area. Pool and Party Area. The Gym The Gym Laundry room Laundry room Location, Location.... Location, Location.... Location, Location.... Location, Location.... Location, Location.... Location, Location.... Location, Location.... Location, Location.... Location, Location.... Location, Location....

Property 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.

Details
Maps
Contract Information
Current Price: $6,750,000
List Date: 2020-05-09
Status: Pending
List Price: $6,750,000
Lock Box Info: None
Pending/Sold Information
Contingent: Pending-Continue Presenting Offers
Location
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
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: July - 27 - 2020

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.

Wednesday 5th of August 2020 11:49 AM

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