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Nicole Williams

Nicole Williams 856-357-6463 609-399-0076x187

3160 Asbury Avenue, Ocean City

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For Sale 300 Absecon, Absecon, NJ, 08201

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300 Absecon, Absecon, NJ, 08201

$1,499,000

Nicole Williams
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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 manager’s 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 + manager’s 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

Listing courtesy of: GRACE PROPERTIES
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional Multiple Listing Service. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Information is deemed to be accurate but not guaranteed. Copyright South Jersey Shore Regional Multiple Listing Service. All rights reserved.
Total Rooms
Full Bath 0
# of Stories
Year Build
Lot Size
Tax 24000.00
SQFT
Bedrooms 0
Half Bath 0
# of Stories
Lot Dimensions
# Units
Tax Year 2024
Area Absecon City
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