1271 US Highway 22 - Hospitality FOR SALE


Bridgewater, NJ 08807
$6,000,000 USD
732-492-7666
1271 US Highway 22, Bridgewater, NJ for Sale
$6,000,000 USD
Hospitality - FOR SALE
1/23
null | Request Cap Rate

1271 US Highway 22
Bridgewater, NJ 08807


OVERVIEW

Retirement Sale !!! looking for Quick Closing and Cash Buyer. Easy access to all arterial highways, I, 287, 78, and the Turnpike, Minutes from Bridgewater Commons Mall & Chimney Rock Crossing Mall , Affluent neighborhood with a sizeable population employed by Fortune 500. Currently, a 33,592 sq. ft. one Permitted uses/conditional uses include professional offices, medical offices, Assist Living, Adult Day Care, hotels, banks, services stations, personal services uses and more. This site, with 112 motel rooms, sits on 5.92 acres and in the center of Somerset County on Rt 22 with high visibility. Good access Traffic Count Almost 100,000 Vehicles pass this site daily. Household Median Incomes in excess of $115,653 within 5 miles. The subject property is improved with two two-story motel buildings each containing a basement and a one-story office building with a basement. 1. The interior of the motel buildings consists of individual rooms with bathrooms on the first and second floors and storage, maintenance and utility areas in the basement. 2. The office building consists of office spaces, bathrooms and storage areas. 3.Exterior portions of the property consist of concrete sidewalks, asphalt and gravel paved parking areas, landscaped areas and wooded undeveloped land. A summary of the current adjacent land use is as follows: North – Route 287 and undeveloped wooded land. South – US Highway 22 followed by commercial properties. East – closed Red Lobster Restaurant West – Health of Endocrine and Commercial properties

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$179 USD /SF

# OF ROOMS

112

PRICE/ROOM

$53,571 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bridgewater Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1950

PARKING SPACES

94

LAND DETAILS

LAND ACRES

5.92 AC

LAND SF

257,875 SF

ZONING

HIC and C-3

APN/PARCEL ID

06-00581-0000-00002-0000-C02

ASK ABOUT THIS PROPERTY

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732-492-7666

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Jackie TsaiJackie 888More Info
732-492-7666

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.