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Sara Pensabene

[email protected] +1(540) 336-5057

$ 850,000

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1005 Black Horse Pike Pike Folsom Borough, NJ 08094

40 Acres Lot

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 605529

Annual Tax Amount $5,151

Tax Year 2024

Lot Size 40.000 Acres

Property Description

Property Overview A rare opportunity to acquire a diversified, income-producing estate positioned along highly trafficked Black Horse Pike, just minutes from major South Jersey corridors. The Green Terrace Motel spans approximately 40 acres and offers immediate cash flow and long-term development upside. This turnkey operation includes a fully operational motel, and expansive land with subdivision potential. • 11-Unit Operational Motel Fully functional with office/reception space, well maintained, and delivering stable rental income. • 38± Acre Connected Lot Primed for development, agriculture, recreation, or potential subdivision (confirm with zoning). • Two Detached Storage Garages Suitable for personal use, operations storage, or rental to third parties.

Location

State NJ

County Atlantic

Community Folsom Borough

Area Folsom Borough

South Jersey Shore Regional MLS (SJSRMLS)

Listed by GRACE PROPERTIES

NEARBY SCHOOLS & PROPERTIES

Sara Pensabene

Agent | License ID: 2080383

+1(540) 336-5057

Sara Pensabene

1005 Black Horse Pike Pike Folsom Borough, NJ 08094

Key Details

Location

NEARBY SCHOOLS & PROPERTIES

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1005 Black Horse Pike Pike