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Green Terrace Motel 1005 Black Horse Pike Hwy 11 Room Hotel Hammonton, NJ 08037 $900,000 ($81,818/Room)
EXECUTIVE SUMMARY
Discover the Green Terrace Motel, a truly exceptional and turnkey investment at 1005
Black Horse Pike in Folsom, NJ. This well maintained, 11-unit property has been
significantly enhanced with multiple updates over the past two years, setting it apart in
the market. Strategically positioned on a high-visibility stretch of Route 322, it captures
attention in a bustling high-traffic corridor, mere minutes from the Atlantic City
Expressway. The hard work is done; step into a fully operational and updated motel with
a proven location for consistent returns.
All 11 Units Fully Renovated in 2023/2024
• New Paint
• New Vinyl Flooring
• New Light Fixtures
• Kitchenettes Installed in Each Unit
• New Furniture, TVs, & Beds
• Parking Lot Resurfaced in Summer 2022
Black Horse Pike in Folsom, NJ. This well maintained, 11-unit property has been
significantly enhanced with multiple updates over the past two years, setting it apart in
the market. Strategically positioned on a high-visibility stretch of Route 322, it captures
attention in a bustling high-traffic corridor, mere minutes from the Atlantic City
Expressway. The hard work is done; step into a fully operational and updated motel with
a proven location for consistent returns.
All 11 Units Fully Renovated in 2023/2024
• New Paint
• New Vinyl Flooring
• New Light Fixtures
• Kitchenettes Installed in Each Unit
• New Furniture, TVs, & Beds
• Parking Lot Resurfaced in Summer 2022
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $900,000 | Building Size | 4,115 SF |
| Price Per Room | $81,818 | No. Rooms | 11 |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Hospitality | Year Built/Renovated | 1970/2023 |
| Property Subtype | Hotel | Parking Ratio | 2.67/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 1.26 AC | ||
| Zoning | Commercial | ||
| Price | $900,000 |
| Price Per Room | $81,818 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.26 AC |
| Building Size | 4,115 SF |
| No. Rooms | 11 |
| No. Stories | 1 |
| Year Built/Renovated | 1970/2023 |
| Parking Ratio | 2.67/1,000 SF |
| Corridor | Exterior |
| Zoning | Commercial |
AMENITIES
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 11 | $92.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | 10-02301-0000-00005 | Improvements Assessment | $155,000 (2025) |
| Land Assessment | $80,000 (2025) | Total Assessment | $235,000 (2025) |
PROPERTY TAXES
Parcel Number
10-02301-0000-00005
Land Assessment
$80,000 (2025)
Improvements Assessment
$155,000 (2025)
Total Assessment
$235,000 (2025)
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Green Terrace Motel | 1005 Black Horse Pike Hwy
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