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Atlantic Inn 1012 Black Horse Pike

45 Room Hotel Pleasantville, NJ 08232 $2,999,000 ($66,644/Room)

Executive Summary

6 UNIT MOTEL SURROUNDED BY MAJOR BOX RETAILERS SAMS CLUB WALMART SPENCERS GIFTS WHICH IS NEXT DOOR AND YOUR FAST FOOD HUBS MCDONALDS, CHICK-FIL-A TACO BELL ALSO SURROUND THE PROPERTY. LOCATED ON A MAJOR HIGHWAY TWO AND FROM ATLANTIC CITY ITS A WELL EXPOSED MOTEL. THE MOTEL WAS WELL THOUGHT OUT WITH EACH ROOM HAVING ITS OWN ELECTRIC PANELS AND SHUT OFF VALUES TO EACH ROOM, ROOM SIZES VARY BUT MOSTLY OVER 400 SQ FT. AS YOU PULL UNDER THE PORTE COCHE'RE AND EXIT TO THE MOTEL LOBBY YOU FIND A COMBO/ LOBBY AND A BREAKFEST AREA FOR GUEST. THE MOTEL ALSO HAS POOL, LAUNDRY FACILITY, MANAGERS QUARTERS, PARTIAL BASEMENT AND ELECTRIC UPGRADES TO EXPAND IF NEEDED. PARKING FOR 51 CAR ( A MUST SEE)

Property Facts

Price $2,999,000
Price Per Room $66,644
Sale Type Investment
Sale Conditions 1031 Exchange
Property Type Hospitality
Property Subtype
Hotel
Building Class C
Lot Size 1.19 AC
Building Size 21,231 SF
No. Rooms 45
No. Stories 2
Year Built 2001
Corridor Exterior

Amenities

  • Business Center
  • Pool
  • High Speed Internet Access
  • Public Access Wifi
  • Smoke-Free

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 45 $65.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
19-00045-0000-00003
Land Assessment
$228,000
Improvements Assessment
$957,200
Total Assessment
$1,185,200

zoning

Zoning Code UEZC (HIGHWAY COMMERCIAL)
UEZC (HIGHWAY COMMERCIAL)
  • Listing ID: 33683893

  • Date on Market: 10/30/2024

  • Last Updated:

  • Address: 1012 Black Horse Pike, Pleasantville, NJ 08232

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