Listed by Keller Williams Realty West Monmouth
$1,200,000
Golden Luck Motel
Details
APN 18-00158-0000-00002-01
Property Type Hospitality
Sub Type Hotel, Motel
Square Footage 7,155
Keys 14
Cap Rate 10.42%
NOI $125,000
Occupancy 80%
Price per SqFt $168
Broker Co-Op Yes
Year Renovated 2024
Buildings 1
Stories 1
Acreage 0.610
Zoning HC
Parking Spaces 19 spaces
Parking per 1,000 SqFt 2.66
Investment Type Owner/User
Ground Lease No
Ownership Corporate
Hospitality | 14 Keys | $85,714/key
Marketing description
- The Golden Luck Motel presents a rare opportunity to acquire a 14-key independent hospitality asset located along the high-traffic Route 42 corridor in Turnersville, New Jersey. This well-positioned motel benefits from strong visibility, excellent highway access, and consistent regional demand driven by nearby retail, dining, and commuter traffic patterns.
- Strategically located in Gloucester County, the property provides convenient access to major transportation routes connecting South Jersey to Philadelphia and surrounding markets. Its location along Route 42 ensures steady daily exposure and strong transient lodging demand.
- With its existing infrastructure and operational setup, the Golden Luck Motel offers multiple value-add strategies, including room upgrades, branding repositioning, and potential franchise affiliation to further enhance long-term returns.
- This is a compelling opportunity to acquire a cash-flowing hospitality asset with immediate operations and clear upside potential in a growing submarket of Southern New Jersey.
Investment highlights
- Currently operated with limited on-site ownership involvement, creating clear opportunity for professional management to improve efficiency and profitability.
- Approximately $300,000 in annual revenue, with potential for growth through increased occupancy, rate optimization, and online distribution channels.
- High-visibility location along Route 42, benefiting from strong daily traffic flow and excellent accessibility to regional highways and surrounding commercial corridors.
- Existing motel infrastructure allows for immediate continued operation with minimal downtime for incoming ownership.
- Opportunity to upgrade rooms, enhance guest experience, and reposition as a budget lodge, extended stay concept, or franchise affiliation.
- Proximity to retail, dining, transportation routes, and employment centers supports consistent transient and short-term lodging demand.
Listing Contacts
Listed by Keller Williams Realty West Monmouth
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$125,000.00
$10,416.67/mo
Valuation Metrics
0
DSCR
10.42%
Cap Rate
10.42%
ROI
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