Bridgewater Inn | Redevelopment Opp. 1271 US Highway 22 112 Room Hotel Bridgewater, NJ 08807 $6,000,000 ($53,571/Room)

INVESTMENT HIGHLIGHTS

  • 1271 US Highway 22 presents the former Bridgewater Inn, a 33,592 SF, two-building motel site and an office building primed for redevelopment.
  • Premier access and visibility being directly off US Highway 22 which sees nearly 100,000 vehicles passing daily.
  • Zoned HIC and C3 for Highway Interchange Commercial Zone and Office and Service Zone.
  • Additional lots are included in the sale for a total of 5.92 acres ready for repurposing.

EXECUTIVE SUMMARY

1271 US Highway 22 proudly presents the unique retirement sale of the Bridgewater Inn, ready for redevelopment. The retired motel building spans 33,592 square feet and, with its current zoning, is permitted to be converted to professional offices, medical offices, an assisted living facility, adult daycare, hotels, banks, services stations, personal services uses, and more.

The subject property is improved with two two-story motel buildings, each containing a basement, and a one-story office building with a basement. 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. The office building consists of office spaces, bathrooms, and storage areas. The 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.

This site, with 112 motel rooms, sits on 5.92 acres and is in the center of Somerset County of Route 22, with high visibility, good access, and a daily traffic count of nearly 100,000 vehicles passing daily. The area's median household income exceeds $115,653 within five miles. Easy access to all arterial routes such as Interstate 287, 78, and the Turnpike. The site is also just minutes from Bridgewater Commons Mall and Chimney Rock Crossing Mall in an affluent neighborhood with a sizeable population employed by Fortune 500 companies.

Inquire today for more information; ideally, sellers are looking for quick closing and a cash buyer.

PROPERTY FACTS

Price $6,000,000
Price Per Room $53,571
Sale Type Investment
Sale Condition Redevelopment Project
Property Type Hospitality
Property Subtype
Hotel
Building Class C
Lot Size 5.92 AC
Building Size 33,592 SF
No. Rooms 112
No. Stories 2
Year Built/Renovated 1950/1998
Parking Ratio 2.8/1,000 SF
Corridor Exterior
Zoning HIC and C-3 - Highway Interchange Commercial Zone. C-3 Office and Service Zone.

AMENITIES

  • High Speed Internet Access
  • Meeting Event Space
  • Public Access Wifi

ROOM MIX INFORMATION

DESCRIPTION NO. ROOMS DAILY RATE SF
Guest Room 112 $79.00 -
  • Listing ID: 34132061

  • Date on Market: 12/9/2024

  • Last Updated:

  • Address: 1271 US Highway 22, Bridgewater, NJ 08807