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Hotel & Restaurant 144 Spring St

12,475 SF 100% Leased Retail Building Newton, NJ 07860 $2,700,000 ($216/SF)

Restaurants New Jersey Newton 144 Spring St, Newton, NJ 07860

Investment Highlights

  • Very High Cash Flow
  • Full Sevice Resturaunt and liq lic currently leased
  • Renovated
  • Mixed Use 40 Room Hotel
  • Centrally located on "fast redeloping" Spring Street in Newton NJ

Executive Summary

Very High Cash Flow Mixed Use 40 Room Hotel with very strong rental history and occupancy waiting list. This property also has a full sevice resturaunt and liq lic currently leased. The building has just been renovated and is centrally located on "fast redeloping" Spring Street in Newton NJ. Asking price is based on income and reasonably negotiable depending on terms and conditions.

Attachments

Zoning - 144 Spring St, Newton, NJ

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
12,475 SF
Building Class
C
Year Built
1880
Price
$2,700,000
Price Per SF
$216
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
2.39
Lot Size
0.12 AC
Zoning
T-6 - Higher density, mixed and multiple use area - majorly retail and commercial use
Parking
15 Spaces (1.2 Spaces per 1,000 SF Leased)
Frontage
88 FT on Spring Street

Amenities

  • Restaurant
  • Storage Space
  • Balcony
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Walk Score ®
Very Walkable (86)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
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, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
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Nearby Major Retailers

U.S. Bank
Weis Markets
Starbucks
PNC Bank
ShopRite
Santander
Powerhouse Gym
Applebee's
Lakeland Bank
Friendly's Ice Cream Shop

PROPERTY TAXES

Parcel Number 15-00008-08-00024 Improvements Assessment $1,330,400
Land Assessment $103,900 Total Assessment $1,434,300

PROPERTY TAXES

Parcel Number
15-00008-08-00024
Land Assessment
$103,900
Improvements Assessment
$1,330,400
Total Assessment
$1,434,300
(973) 903-6842

Contact

  • Listing ID: 32289796

  • Date on Market: 6/29/2024

  • Last Updated:

  • Address: 144 Spring St, Newton, NJ 07860

More public record information on 144 Spring St, Newton, NJ 07860

The Retail Property at 144 Spring St, Newton, NJ 07860 is currently available for sale. Contact Berkshire Hathaway Gross & Jansen Realtors for more information.

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144 Spring St, Newton, NJ for sale Primary Photo- Image 1 of 2
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Hotel & Restaurant | 144 Spring St
(973) 903-6842 x

Hotel & Restaurant | 144 Spring St

Kevin Colman

(973) 903-6842

(973) 903-6842

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