1005 Black Horse Pike Hwy - Hospitality FOR SALE


Hammonton, NJ 08037- Northwestern Atlantic City
$900,000 USD
1005 Black Horse Pike Hwy, Hammonton, NJ for Sale
$900,000 USD
Hospitality - FOR SALE
1/19
null | Request Cap Rate

1005 Black Horse Pike Hwy
Hammonton, NJ 08037
Northwestern Atlantic City


OVERVIEW

Discover the Green Terrace Motel, a truly exceptional and turnkey investment at 1005 Black Horse Pike in Folsom, NJ. This well maintained, 11-unit property has been significantly enhanced with multiple updates over the past two years, setting it apart in the market. Strategically positioned on a high-visibility stretch of Route 322, it captures attention in a bustling high-traffic corridor, mere minutes from the Atlantic City Expressway. The hard work is done; step into a fully operational and updated motel with a proven location for consistent returns. All 11 Units Fully Renovated in 2023/2024 • New Paint • New Vinyl Flooring • New Light Fixtures • Kitchenettes Installed in Each Unit • New Furniture, TVs, & Beds • Parking Lot Resurfaced in Summer 2022

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$219 USD /SF

# OF ROOMS

11

PRICE/ROOM

$81,818 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Green Terrace Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1970

PARKING SPACES

11

LAND DETAILS

LAND ACRES

1.26 AC

LAND SF

54,886 SF

ZONING

Commercial

APN/PARCEL ID

10-02301-0000-00005

ASK ABOUT THIS PROPERTY

Joshua Levin, CCIMLevin Commercial Real Estate, LLCMore Info

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Joshua Levin, CCIMLevin Commercial Real Estate, LLCMore Info

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