*************************** BANK FORECLOSURE *********************** BANK FORECLOSURE ************************ This is a lender owned property and priced well below replacement cost for a quick sale. The property is closed currently. Showing of the property can be arranged with appointment The property sits on a 4.83 acres of land parcel. Courtesy Inn is a two stories exterior corridor motel asset consisting of 80 rooms. It is located in Egg Harbor Township which is one of the major townships in Atlantic County, NJ. As per county assessment records the current assessed value of the property is: • Land: $ 846,000 • Improvements: $ 1,926,000 Total Value: $ 2,772,000 At an asking price of $1,100,000 the property offers a significant opportunity for a new owner. The property is ideal for an owner operator, a first time buyer or a retired couple. The large land parcel may be utilized for a number of other potential uses. The property is in good company with a number of independent and franchise hotel/motel assets in the area. It is 3-minute drive from Harbor Square and 7 minutes from FAA William J. Hughes Technical Center, 10.3 miles from Steel Pier and 3.8 miles from Atlantic City Country Club. *************************** BANK FORECLOSURE *********************** BANK FORECLOSURE ************************