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19-Room Motel on Route 40

PLEASANTVILLE, NJ 08232 Pleasantville, NJ 08232

Claim this Listing
For Sale
$599,900

SINGLE_FAMILY - PLEASANTVILLE, NJ

Property size:
5,000 SF
Lot size:
0.82 Acres
Price / SF:
$119/SF
Added:
Mar 11, 2026
Days on Market:
122
Last Refresh:
Jul 10 at 10:06 pm

Property Features

General Information

Property type
Residential
Property subtype
Other
Standard status
Active
Size
5,000 SF
Lot size
0.82 Acres

Building Details

Year built
1950

Listing agent Raj Khullar License #0673568

Listing office BHHS Fox & Roach Northfield NJ

Listing date Mar 11, 2026

MLS# NJAC2023320

Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This is a business and property opportunity featuring a 19-room motel with a two-bedroom manager's apartment. The property is located on Route 40, a primary entrance corridor into Atlantic City, and offers high visibility and steady traffic exposure. Situated on a 196 x 152 lot, the motel is a manageable size for an owner-operator or those looking to start in the hospitality business. The property has a 196' frontage along Route 40. The property has recently passed a DCA inspection. The property contains 5,000 square feet and sits on 0.82 acres.

Key Highlights

  • Prime location on major Highway Route 40, a primary entrance corridor into Atlantic City, offering excellent visibility and steady traffic exposure.
  • Business and property package includes a 19‑room motel with a manager's two‑bedroom apartment.
  • Recently passed DCA inspection, providing added peace of mind.

Local Financial Insights For Hotel Hospitality

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $75.0k $15.00
− Vacancy −$11.3k −$2.25
EGI $63.8k $12.75
− OpEx −$33.5k −$6.69
NOI $30.3k $6.06
5,000 SF · lease $15.00/SF/yr · vacancy 15.00% · expense 52.50%

Alternative Uses

Best Use
Hotel Hospitality
$432.6K
$378.5K – $504.7K (±1% cap)
NOI $30,281 @ 7.0% cap · market cap 5.05%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.86M
$1.63M – $2.17M (±1% cap)
NOI $130,338 @ 7.0% cap · market cap 21.73%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Motels

Similar Off Market Nearby

  • tropicana atlantic city — 414 S Main St, Pleasantville, NJ 08232
  • FairBridge Inn — 30 E, 304 Whit, Black Horse Pike, Absecon, NJ 08205
  • Mirage Resorts Co — Pleasantville, NJ 08232
  • Md. Rob's Villa — 206 florence ave, pleasantville, nj 08232
  • Mayslsnding nj — 202 e greenfield ave, pleasantville, nj 08232

FAQs

What type of property is this?
Motel - Motel business and property on high-traffic Route 40.
Where is this motel located?
The property is located at Pleasantville, NJ.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Prime location on major Highway Route 40, a primary entrance corridor into Atlantic City, offering excellent visibility and steady traffic exposure.; Business and property package includes a 19‑room motel with a manager's two‑bedroom apartment.; Recently passed DCA inspection, providing added peace of mind.
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