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Red Carpet Inn Galloway 206 E White Horse Pike 22 Room Hotel Galloway, NJ 08205 $1,450,000 ($65,909/Room)
Investment Highlights
- Located along US Route 30 with access to the Garden State Parkway.
- Seller financing is available to qualified buyers.
- Near regional tourism destinations, casinos, beaches, and event venues.
- Benefits from demand generated by Stockton University and AtlantiCare.
- Includes a manager's residence and onsite commercial laundry capability.
Executive Summary
The Red Carpet Inn presents an opportunity to acquire a 23-room limited-service motel positioned along East White Horse Pike (US Route 30) in Galloway Township, New Jersey. Located near the Garden State Parkway and within the Atlantic City metropolitan area, the property benefits from access to regional travel corridors connecting Southern New Jersey with Philadelphia and New York City. The asset offers an established lodging operation with seller financing available and potential for a future repositioning program.
The property's location supports a diverse mix of demand drivers. Stockton University, with approximately 9,600 enrolled students, generates recurring visitation from families, faculty, prospective students, and event attendees throughout the year. Additional visitation is supported by AtlantiCare Regional Medical Center, Historic Smithville, the Edwin B. Forsythe National Wildlife Refuge, Atlantic City International Airport, and the Atlantic City tourism market, including the Boardwalk, casinos, convention facilities, and entertainment venues. This combination of educational, medical, leisure, and tourism activity contributes to year-round lodging demand across the market.
Operationally, the property includes a manager's residence and commercial laundry capability. Recent updates reportedly include replacement HVAC units in guest rooms and ongoing asphalt maintenance. Its accessible scale, straightforward motel layout, and positioning along a well-traveled corridor may appeal to owner-operators, hospitality investors, or buyers seeking a lodging asset with opportunities for operational enhancements and long-term value creation within the Atlantic City region.
The property's location supports a diverse mix of demand drivers. Stockton University, with approximately 9,600 enrolled students, generates recurring visitation from families, faculty, prospective students, and event attendees throughout the year. Additional visitation is supported by AtlantiCare Regional Medical Center, Historic Smithville, the Edwin B. Forsythe National Wildlife Refuge, Atlantic City International Airport, and the Atlantic City tourism market, including the Boardwalk, casinos, convention facilities, and entertainment venues. This combination of educational, medical, leisure, and tourism activity contributes to year-round lodging demand across the market.
Operationally, the property includes a manager's residence and commercial laundry capability. Recent updates reportedly include replacement HVAC units in guest rooms and ongoing asphalt maintenance. Its accessible scale, straightforward motel layout, and positioning along a well-traveled corridor may appeal to owner-operators, hospitality investors, or buyers seeking a lodging asset with opportunities for operational enhancements and long-term value creation within the Atlantic City region.
Property Facts
| Price | $1,450,000 | Building Size | 23,454 SF |
| Price Per Room | $65,909 | No. Rooms | 22 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1986 |
| Property Subtype | Hotel | Parking Ratio | 0.64/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.52 AC | ||
| Zoning | CH - Commercial Highway | ||
| Price | $1,450,000 |
| Price Per Room | $65,909 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.52 AC |
| Building Size | 23,454 SF |
| No. Rooms | 22 |
| No. Stories | 2 |
| Year Built | 1986 |
| Parking Ratio | 0.64/1,000 SF |
| Corridor | Exterior |
| Zoning | CH - Commercial Highway |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 3 | $79.00 | - |
| Guest Room | 19 | $59.00 | - |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 11-00881-0000-00004 | Improvements Assessment | $557,400 |
| Land Assessment | $146,600 | Total Assessment | $704,000 |
Property Taxes
Parcel Number
11-00881-0000-00004
Land Assessment
$146,600
Improvements Assessment
$557,400
Total Assessment
$704,000
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