206 E White Horse Pike - Hospitality FOR SALE


Galloway, NJ 08205
$1,450,000 USD
520-664-4091
206 E White Horse Pike, Galloway, NJ for Sale
$1,450,000 USD
Hospitality - FOR SALE
1/14
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206 E White Horse Pike
Galloway, NJ 08205


HIGHLIGHTS

  • Located along US Route 30 with access to the Garden State Parkway.
  • Benefits from demand generated by Stockton University and AtlantiCare.
  • Seller financing is available to qualified buyers.
  • Includes a manager's residence and onsite commercial laundry capability.
  • Near regional tourism destinations, casinos, beaches, and event venues.

OVERVIEW

The Red Carpet Inn presents an opportunity to acquire a 23-room limited-service motel positioned along East White Horse Pike (US Route 30) in Galloway Township, New Jersey. Located near the Garden State Parkway and within the Atlantic City metropolitan area, the property benefits from access to regional travel corridors connecting Southern New Jersey with Philadelphia and New York City. The asset offers an established lodging operation with seller financing available and potential for a future repositioning program. The property's location supports a diverse mix of demand drivers. Stockton University, with approximately 9,600 enrolled students, generates recurring visitation from families, faculty, prospective students, and event attendees throughout the year. Additional visitation is supported by AtlantiCare Regional Medical Center, Historic Smithville, the Edwin B. Forsythe National Wildlife Refuge, Atlantic City International Airport, and the Atlantic City tourism market, including the Boardwalk, casinos, convention facilities, and entertainment venues. This combination of educational, medical, leisure, and tourism activity contributes to year-round lodging demand across the market. Operationally, the property includes a manager's residence and commercial laundry capability. Recent updates reportedly include replacement HVAC units in guest rooms and ongoing asphalt maintenance. Its accessible scale, straightforward motel layout, and positioning along a well-traveled corridor may appeal to owner-operators, hospitality investors, or buyers seeking a lodging asset with opportunities for operational enhancements and long-term value creation within the Atlantic City region.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$62 USD /SF

# OF ROOMS

22

PRICE/ROOM

$65,909 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Carpet Inn Galloway

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1986

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

CH

APN/PARCEL ID

11-00881-0000-00004

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520-664-4091

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520-664-4091

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.