Sanjay Gupta
Hospitality Asset Sale Specialist and Advisor
Phone 973-244-5997
Fax 973-244-5998

Flag With Times Commercial Realty

View Sanjay Gupta's profile on LinkedIn

APPROVED EXTENDED STAY HOTEL SITE FOR SALE FOR 108 ROOMS IN SOUTH JERSEY

Price: $ 1,600,000
  • 2.29 acres land for hotel in growing area of NJ next to major retailer
  • Site is fully approved from city and county planning board
  • Owner is working to put utility lines at the site
  • Site has received NJDOT approval
  • Site plan approved for 51,559 sq. ft. 4-story, 108 unit hotel with parking for 110 cars
  • Property zone for B-4 Business zone
  • Property received soil conservation district approval
  • Property have public water and sewer extension permits
  • This property was approved as the only extended stay hotel type in entire county
  • Since there are no extended stay hotels in the area, this property can be developed with any hotel type
  • Property location is excellent and surrounded by many restaurants, national big bucks retailers, mall, major hospital and university
  • There is a 300 acre development coming in the area
Detailed financial package available to qualified and serious buyers only.