8037 Black Horse Pike Pleasantville, NJ 08232-2854
- Motels
- 4.22 lot acres
Current Use by Public Records
- Motels
Property Details for 8037 Black Horse Pike
- Construction
- METAL FRAME
- Lot size
- 4.22 lot acres
- Property type
- Motels
- APN
- 08 04306-0000-00003
- APU
- 804306000000003
Description
This exceptional 142-key Ramada hotel presents a lucrative investment opportunity. Strategically located at 8037 Black Horse Pike in Pleasantville, New Jersey (zip code 08234), this property boasts a prime position on Route 40, offering easy access to Atlantic City's renowned beaches, casinos, and shopping outlets, including premium outlet malls. The hotel's 4.22-acre lot houses two distinct sections: a five-story building with 90 rooms accessed via an indoor corridor and elevators, and a separate two-story building with 52 rooms featuring exterior entrances. All 142 guest rooms are equipped with modern amenities including air conditioning, free Wi-Fi, flat-screen TVs, and private bathrooms. The hotel's proximity to Stockton University further enhances its appeal to a diverse clientele. This established business presents a compelling opportunity for significant returns, capitalizing on the consistent demand for hospitality services in this vibrant region. The asking price for this turnkey operation is $6,500,000. This represents a rare chance to acquire a well-established hotel with significant growth potential in a high-traffic area. The property's location near major attractions and its substantial room count make it an attractive investment for experienced hospitality operators.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $790,000
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Location Insight
- Map
- Local Demand
- City
- Pleasantville
- County
- Atlantic
- State
- New Jersey
- Longitude
- -74.4894
- Latitude
- 39.3769
- CBSA code
- 12100
- CBSA name
- ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA
