1000 International Dr - Hospitality FOR SALE
Budd Lake, NJ 07828 |
1000 International Dr
Budd Lake, NJ 07828
HIGHLIGHTS
- Ideal location along I-80, which carries approximately 50,000 vehicles per day. The property is less than an hour to New York City.
- Centrally located to several prominent wedding venues, including Waterloo Village, David’s Country Inn, and Rutherfurd Hall.
- Occupancy and RevPAR are significantly below comp set – oppportunity to boost room revenue by over $700,000 (21%) based on market rates.
OVERVIEW
Address: 1000 International Drive Budd Lake, NJ 07828
Units: 141 (all ~350 square feet)
Unit Types: 65 King, 65 2-Double, 4 Suites, 7 ADA rooms
Buildings / Stories: 1 building / 4 stories
Amenities: Elevators (2), fitness center, indoor pool, banquet halls (3), on-site house
Corridors: Interior
Year Built: 1997
Land Area: 10.09 acres
Construction: Steel Frame
Heating/Cooling: Central gas system
Roof: Flat, rubber
Parcel Number(s): #1427_204_1 (Morris County)
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
Holiday Inn Budd Lake Rockaway Area
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
170150
STORIES
5
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
1986
PARKING SPACES
250
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
FT2-4, Mount Olive
APN/PARCEL ID
27-00204-0000-00001
