545 E Absecon Unit 29, Absecon, NJ 08201
Atlantic County
Key Facts
Description
Investment Highlights: Discover a rare opportunity to acquire a fully renovated, income-producing motel minutes from Atlantic City. The Casino Inn offers 28 updated units and a spacious 3,000 SF owner's suite on over 5 acres of commercially zoned land, delivering exceptional value and flexibility for operators or developers. _ Property Features: • 28 Renovated Guest Suites – Each equipped with a full kitchen, flat-screen TV, A/C, and complimentary Wi-Fi • 3,000 SF Owner’s Residence – 4 bedrooms / 3 bathrooms with private access • Extensive 2024 Renovations – Turnkey condition • Zoned Commercial – Ideal for hotel/motel, short-term rental, or mixed-use redevelopment • High-Traffic Visibility – Strategically positioned on U.S. Route 30, gateway to Atlantic City • 5.2 Acre Parcel – Expansion potential for 14–28 additional units Value Proposition: With a 15% cap rate and strong occupancy performance, Casino Inn balances stability with upside. Its proven operational success, large parcel size, and favorable zoning make it a compelling acquisition for investors seeking hospitality income, redevelopment, or owner-occupied use. Location Advantages: • 10 minutes to Atlantic City Casinos & Boardwalk • Proximity to public transportation and major highways • High daily traffic count ensures consistent visibility and guest flow
Property Information
Property Type
Commercial Sale
Stories
2
Lot Size
5.20 acres
Days on Market
426
MLS® Listing#
594017
Property Features
Financial Details
Annual Taxes
$15,600
Affordability Calculator
$299,800
Estimated monthly payment
$7,978/mo
Principal $1,199,200 · Est. interest $1,672,991 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Absecon, NJ
- $291,304
- Median Listing Price
- 34
- Median Days on Market
- 1,422
- Median Sq Ft
- $207
- Median Price / Sq Ft
- 49
- Active Listings
- This home’s price is 415% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Absecon, NJ.
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 104-108 W WHITE HORSE PIKE, ABSECON, NJ | $1,200,000 | — | — | — |
Moving Cost Estimate
EXIT Agents in Absecon
Listing Courtesy: GRACE PROPERTIES - 6094852262