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7080 Black Horse Pike

$1,800,000

7080 Black Horse Pike, Pleasantville, Nj 08232

Active
Last Updated: 02/08/2025

10,000 sqft

Building Size

1970

Year Built

Details:
Building Size:    10,000 sqft
Year Built:    1970
Price Per Sqft:    $180
Zoning:    COMMERCIAL
Highlights:
  • Days on Market: 30
  • Heating: Central
Description:

$$$Business with Property$$$
We are excited to offer the unique opportunity to acquire the 48-unit New Sea Breeze Motel in West Atlantic City, NJ. Situated on a 0.71-acre lot, this two-story property boasts well-maintained guest rooms featuring free Wi-Fi, private bathrooms, microwaves, refrigerators, flat-screen TVs, and kitchenettes. Conveniently located off US-Route 40, the motel provides guests with easy access to Atlantic City’s top attractions and nearby communities. It's ideally positioned just 4.5 miles from the Atlantic City Boardwalk, Tanger Outlets, casinos, beaches, Convention Center, and entertainment venues, and less than 8 miles from Atlantic City International Airport, which serves up to 3 million travelers annually.

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Today's Available Mortgage Rates

7080 Black Horse Pike, Pleasantville, New Jersey 08232

Choose Your Priority
 
Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 02/01/2025
Bank*Lender #1049
5 Year Fixed
25 Year Amortization
Interest rate 6.48% 5 Year Fixed
Mo. Payment$5,944 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 49% LTV $0 Lender fees
Loan Amount $882,000 Loan Amount
Details
Bank*Lender #1610
7 Year Fixed
25 Year Amortization
Interest rate 6.49% 7 Year Fixed
Mo. Payment$6,193 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 51% LTV $600 Lender fees
Loan Amount $918,000 Loan Amount
Details
Bank*Lender #1610
10 Year Fixed
25 Year Amortization
Interest rate 6.49% 10 Year Fixed
Mo. Payment$6,193 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 51% LTV $600 Lender fees
Loan Amount $918,000 Loan Amount
Details
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CommLoan is providing quotes for information purposes only. For additional information on the largest commercial real estate lending marketplace, visit: www.commloan.com.

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