Business for Sale Overview:
Hotel is beach block with 44 units. Hotel is in good condition. Many rooms recently remodeled and others being remodeled and restored to its original charm and splendor. Unique opportunity to invest in a beach block hotel in Atlantic City. Daily and monthly rooms available. Zoned resort commercial with laundromat and recently upgraded manager's suite. Higher potential income when upgraded rooms come on line. Seller can finance $900,000 @ 6% for five years based on a 30 year amortization. $400,000 downpayment needed.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
Hotel is beach block. Has 44 units. Currently being remodeled and restored.
Market Competition and Expansion:
Unique opportunity to invest in a beach block hotel in Atlantic City.
Reason for Selling:
Other Interests
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.