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Property profile & analytics
OFF-MARKET
Motels

7080 Black Horse Pike Pleasantville, NJ 08232-2806

0.71 ac lot
Entity Owned 22-yr Hold Free & Clear
Property ID
US59-3024771
Property summary
AI-generated overview

This exceptional investment opportunity presents a 48-unit motel ideally situated in West Atlantic City, New Jersey, just 4.5 miles from the renowned Atlantic City Boardwalk, casinos, beaches, Convention Center, and Tanger Outlets. The property, encompassing 10,000 square feet on a 0.71-acre lot, offers significant potential for strong returns. Each of the well-maintained guest rooms includes modern amenities such as free Wi-Fi, private bathrooms, microwaves, refrigerators, flat-screen TVs, and kitchenettes, ensuring a comfortable stay for guests. The motel's convenient location off US-Route 40 provides easy access to Atlantic City's vibrant attractions and surrounding areas. Its proximity to Atlantic City International Airport, serving over 3 million travelers annually, further enhances its appeal and potential for consistent occupancy. This two-story property represents a rare chance to acquire a thriving business with significant upside in a high-demand tourist destination. The asking price is $1,800,000. This turnkey operation is ready for a new owner to continue its success or implement further growth strategies. The property's strong location and existing infrastructure make it an attractive investment for both seasoned and aspiring hospitality entrepreneurs.

Property profile
Verified
Property type Motels
Use group MOTEL
Construction CONCRETE BLOCKS
Lot 0.71 ac (30,801 SF)
APN 08 04301-0000-00003
UPID US59-3024771
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Enterprises,ashapuri · 22 yrs held
Enterprises,ashapuri
since 2003
2 recorded transactions
2003
$550,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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