144 Spring StNewton, NJ 07860

Property Details for 144 Spring St

Year built

1880

Construction

FRAME

Lot size

0.13 AC

Property size (Sq ft)

14,176 SF

Zone code

T-6

Property type

Other commercial real estate

APN

15 00008- 08-00024

APU

15000080800024

Description

This exceptional investment opportunity presents a 40-room mixed-use hotel boasting a remarkably strong rental history and a substantial waiting list, indicating high demand and consistent occupancy. Located at 144 Spring Street in Newton, NJ, this property occupies a 0.13-acre lot and encompasses a generous 14,176 square feet. The building has recently undergone a complete renovation, ensuring modern amenities and optimal functionality. A key component of this lucrative offering is a fully operational restaurant with an existing liquor license, currently operating under a lease agreement. This adds a significant revenue stream to the hotel's already impressive cash flow. The strategic location on Spring Street, a rapidly redeveloping area of Newton, NJ, further enhances the property's long-term investment potential. The asking price of $2,700,000 reflects the property's strong income generation and is negotiable based on the terms and conditions of the sale. This presents a rare chance to acquire a turnkey, high-performing commercial property with significant upside potential in a thriving market. Financial details and lease agreements are available upon request. Serious inquiries only.

• Alternative Use

  Use

  Valuation

  Residential

  $4,030,807

  Hospitality

  $3,692,197

  Educational

  $3,071,865

  Medical

  $3,177,511

  Retail

  $4,778,456

Location Insight

City

Newton

County

Sussex

State

New Jersey

Latitude

41.0572

Longitude

-74.7517

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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