224 East White Horse Pike

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224 East White Horse Pike

Galloway, NJ 08205
Asking Price
$4.60M
Asset Type
Hotel Hospitality
Class
Class B

What's Special

1.3 MM Revenue- 102 Keys -Full Service- Banquet Hall - Restaurant - 3K Rent Extra income <ul><li>​<ul><li>​Opportunity to acquire a full-service hospitality asset featuring hotel accommodations, banquet facilities, meeting space, and food & beverage operations. </li><li>​Strategically located along the heavily traveled White Horse Pike (US Route 30), providing direct access to Atlantic City, Atlantic City International Airport, and the broader South Jersey market. </li><li>​Diversified revenue streams from guest rooms, banquet events, corporate meetings, weddings, social functions,

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NOI
$80,000
Cap Rate
1.74%
DSCR
0.29
Underwater
Cash-on-Cash
-13.99%
Monthly Payment
$22,758.29
Annual Cash Flow
$-193,099.482

Location & Travel Times