300 E Absecon , #1

Description

Property Overview A fully renovated, income-producing 24-unit motel ideally located along Absecon Blvd (Route 30), minutes from Atlantic City. Set on 0.72 acres, the two-story building includes a 2-bedroom on-site managers apartment and a finished basement (~2,800 SF, 8 ceilings) not included in the 9,500 SF total above grade. Recent Capital Improvements (2025 Renovations) All 24 units completely renovated New paint, vinyl plank flooring, light fixtures Kitchenettes installed in every unit Brand new beds, furniture, and TVs Parking lot resurfaced (Summer 2023) Property fully compliant with state/local inspections and registrations Property Specifications Total Units: 24 motel units Building Size: ~9,500 SF above grade (plus 2,800 SF finished basement) Site Size: 0.72 Acres Configuration: 2-story main structure + managers apartment Parking: Ample on-site parking (resurfaced in 2023) Income Opportunity Current Occupancy: 15 units occupied with weekly/monthly tenants Vacant Units: 9 units held off-market for flexibility in repositioning Management Flexibility: Ideal for continued motel operations, conversion to long-term rentals, or hybrid lodging Investment Highlights High-visibility location near Atlantic City Expressway and White Horse Pike Extensive recent upgrades minimize capex for new ownership Flexible leasing model with transitional housing, extended-stay, or nightly options Turnkey for owner-operator or investor/operator seeking stabilized or value-add hospitality asset