Relax Inn 739 S 2nd Ave 24 Room Hotel Galloway, NJ 08205 $1,699,000 ($70,792/Room) 15.00% Cap Rate
EXECUTIVE SUMMARY
Units: 24
Building Size: ~17,000 SF
Lot Size: 1.05 Acres
Zoning: Commercial Hospitality Use (verify with township)
Property Overview: Stabilized, income-producing motel minutes from Atlantic City. This 24-unit site includes a 15-unit main building (built 2010, renovated 2021), a 9-unit annex, manager’s quarters, and a detached two-car garage.
Features:
• Modern layout, high-speed internet, public Wi-Fi
• Exterior corridor design
• Billboard sign has potential for added revenue
Investment Highlights:
• Consistent income stream with repositioning upside
• Ideal for owner-operators or passive investors
• Strategically located off White Horse Pike
Building Size: ~17,000 SF
Lot Size: 1.05 Acres
Zoning: Commercial Hospitality Use (verify with township)
Property Overview: Stabilized, income-producing motel minutes from Atlantic City. This 24-unit site includes a 15-unit main building (built 2010, renovated 2021), a 9-unit annex, manager’s quarters, and a detached two-car garage.
Features:
• Modern layout, high-speed internet, public Wi-Fi
• Exterior corridor design
• Billboard sign has potential for added revenue
Investment Highlights:
• Consistent income stream with repositioning upside
• Ideal for owner-operators or passive investors
• Strategically located off White Horse Pike
PROPERTY FACTS
AMENITIES
- High Speed Internet Access
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 24 | $92.00 | - |
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PROPERTY TAXES
| Parcel Number | 11-00877-0000-00001-01 | Improvements Assessment | $295,900 |
| Land Assessment | $154,100 | Total Assessment | $450,000 |
CONTACT
-
Robert Salvato -
AcAuctions
