For Sale
$6,500,000

8037 Black Horse PikeEgg Harbor Township, NJ 08234

142-key hotel near Atlantic City

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

Highlights

  • $6,500,000 asking price.
  • 142-key hotel/motel.
  • 4.22-acre lot.
  • Located on Route 40, near Atlantic City, Stockton University, beaches, casinos, and shopping outlets.

Property Details for 8037 Black Horse Pike

Property type
Hospitality properties, Motels
Lot Size (sq. ft)
183,823 SF

Location Insight

City
Egg Harbor Township
County
Atlantic
State
New Jersey
Latitude
39.4266889
Longitude
-74.5966004
8037 Black Horse Pike, Egg Harbor Township, New Jersey

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8037 Black Horse Pike
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