For Sale 15 Illinois Ave, Absecon, NJ, 08201

HIGHEST AND BEST OFFERS to be submitted by Sunday, 4/27 at 6:00 PM. This beautifully maintained 3-bedroom ( plus a bonus room), 2-bath split-level home offers comfort, space, and convenience just minutes from Ventnor, Margate, Atlantic City beaches, and AC Airport. The main level features a bright living room, a spacious dining area, and a large kitchen with a tiled backsplash, and new flooring. Enjoy year-round relaxation in the sunny Florida room overlooking a nicely sized backyard – perfect for entertaining or unwinding. Upstairs, you\'ll find three bedrooms and a full bath, while the lower level offers a bonus room, another full bath, and flexible living space – ideal for guests or a home office. New carpets in select rooms add warmth throughout. The home also includes a full basement with a washer, dryer, and utilities including a furnace, AC, and water heater – all approx. 5 years old. Additional perks include a new roof and an oversized garage. Situated in a convenient location near shopping, dining, and schools, this home combines suburban charm with easy access to everything you need.

Property Overview A fully renovated, income-producing 24-unit motel ideally located along Absecon Blvd (Route 30), minutes from Atlantic City. Set on 0.72 acres, the two-story building includes a 2-bedroom on-site manager’s apartment and a finished basement (~2,800 SF, 8’ ceilings) not included in the 9,500 SF total above grade. Recent Capital Improvements (2025 Renovations) • All 24 units completely renovated • New paint, vinyl plank flooring, light fixtures • Kitchenettes installed in every unit • Brand new beds, furniture, and TVs • Parking lot resurfaced (Summer 2023) • Property fully compliant with state/local inspections and registrations Property Specifications • Total Units: 24 motel units • Building Size: ~9,500 SF above grade (plus 2,800 SF finished basement) • Site Size: 0.72 Acres • Configuration: 2-story main structure + manager’s apartment • Parking: Ample on-site parking (resurfaced in 2023) Income Opportunity • Current Occupancy: 15 units occupied with weekly/monthly tenants • Vacant Units: 9 units held off-market for flexibility in repositioning • Management Flexibility: Ideal for continued motel operations, conversion to long-term rentals, or hybrid lodging Investment Highlights • High-visibility location near Atlantic City Expressway and White Horse Pike • Extensive recent upgrades minimize capex for new ownership • Flexible leasing model with transitional housing, extended-stay, or nightly options • Turnkey for owner-operator or investor/operator seeking stabilized or value-add hospitality asset

BUILDING IS 12000 SQ FT OF WHICH 6000 SQ FT IS RETAIL APPROX 5000 WAREHOUSE 1300 SQ FT APT WHICH HAS 4BR AND 2 BATHS PLEASE CALL FOR RENT INFORMATION ONE PART OF THE RETAIL IS RENTED ON THE BACK PART OF THE BUILDING IS A WORK SHOP. THE SELLER IS RETIRING AFTER MANY YEARS THE BUILDING IS PERFECT FOR WHOLE APPLIANCE SOTE OR FURNITURE STORE OR BREAK IT UP TO SMALLER RETAIL STORES DON\'T LET THIS OPPORTUNITY PASS U BY