For Sale
$1,900,000

2741 Pacific AveAtlantic City, NJ 08401

Profitable 25-unit motel, recently renovated.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a 25-key motel and commercial space ideally situated in Atlantic City, New Jersey, directly across from the Tropicana. The property boasts 9,032 square feet on a 0.2-acre lot, with 15 parking spaces. Built in 1956 and extensively renovated in 2020, this turnkey operation is situated one block from the beach. The motel operates under a ground lease expiring July 30, 2056, offering 32 years of remaining lease term. The permitted zoning is RS-C. The asking price is $1,900,000, representing $210.36 per square foot and $76,000 per key. The property features a two-story building and offers significant potential for growth and profitability due to its prime location and high foot traffic, making the versatile commercial space ideal for various retail ventures. This is a rare opportunity to acquire a well-maintained, established hospitality business with a long-term lease in a highly desirable location.

Highlights

  • 25-key motel and commercial space in Atlantic City, NJ, across from the Tropicana.
  • 9,032 SF building on a 0.2-acre lot with 15 parking spaces.
  • Extensively renovated in 2020, one block from the beach.
  • Ground lease expiring July 30, 2056 (32 years remaining).
  • RS-C zoning; Asking price: $1,900,000 ($210.36/SF, $76,000/key).

Property Details for 2741 Pacific Ave

Property type
Hospitality properties, Motels
Square Feet
9,032 SF
Year Built/Renovated
1956/2020
Buildings
1
Stories
2
Lot Size (sq. ft)
8,712 SF

Location Insight

City
Atlantic City
County
Atlantic
State
New Jersey
Latitude
39.3537603
Longitude
-74.4445527
2741 Pacific Ave, Atlantic City, New Jersey

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2741 Pacific Ave
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