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148 Route 181 24 Unit Apartment Building $2,100,000 ($87,500/Unit) Lake Hopatcong, NJ 07849
Executive Summary
FORMER MOTEL DIRECTLY ACROSS THE STREET FROM ICONIC LAKE HOPATCONG WITH UNOBSTRUCTED LAKE VIEWS; ZONED C1
NEIGHBORHOOD BUSINESS ZONE, C2 HIGHWAY BUSINESS ZONE: (AS PER JEFFERSON TWP CODE BOOK: RESTAURANT/NIGHT
CLUB/RETAIL/HOTEL/MOTEL/SHORT-TERM RENTAL/MARINA/SERVICE GARAGE/CANNABIS RETAIL, SEE DOCUMENTS FOR ADDITIONAL INFORMATION &
OPPORTUNITIES) Rare opportunity to own a highly visible Morris County property in one of New Jersey's premier recreational destinations. Positioned across the
street from public marinas, waterfront restaurants, wedding venue, this location benefits from the energy and attraction of the vibrant year-round lake community
that continues to draw visitors, boaters, vacationers, and full-time residents alike. Located less than 50 miles from NYC and approximately 45 minutes to Mountain
Creek Resort and the Delaware Water Gap National Recreation Area, the property is ideally situated near some of the region's top recreation, tourism, dining, and
entertainment destinations. Lake Hopatcong, spanning over 2,600 acres, remains one of the most recognized and active lake communities in the state, creating
strong long-term potential for well-positioned properties in the area. A unique opportunity in a prime lake-view setting with exceptional visibility, accessibility, and
future possibilities. Currently 9 buildings/24 units. Vacant, NO ACCESS, STRICTLY SOLD AS-IS, WHERE-IS. Buyer to do Due Diligence regarding usage/zoning.
Agent Remarks: BB to pay $150RF Mortgage Services Corp tech/mgmt fee. All offers must be emailed w/purchase agreement/proof of funds/disclosures
countersigned/proof of earnest money deposit. Property sold in "as-is condition dimensions/information are approximate & buyer/representation responsibility to
verify
NEIGHBORHOOD BUSINESS ZONE, C2 HIGHWAY BUSINESS ZONE: (AS PER JEFFERSON TWP CODE BOOK: RESTAURANT/NIGHT
CLUB/RETAIL/HOTEL/MOTEL/SHORT-TERM RENTAL/MARINA/SERVICE GARAGE/CANNABIS RETAIL, SEE DOCUMENTS FOR ADDITIONAL INFORMATION &
OPPORTUNITIES) Rare opportunity to own a highly visible Morris County property in one of New Jersey's premier recreational destinations. Positioned across the
street from public marinas, waterfront restaurants, wedding venue, this location benefits from the energy and attraction of the vibrant year-round lake community
that continues to draw visitors, boaters, vacationers, and full-time residents alike. Located less than 50 miles from NYC and approximately 45 minutes to Mountain
Creek Resort and the Delaware Water Gap National Recreation Area, the property is ideally situated near some of the region's top recreation, tourism, dining, and
entertainment destinations. Lake Hopatcong, spanning over 2,600 acres, remains one of the most recognized and active lake communities in the state, creating
strong long-term potential for well-positioned properties in the area. A unique opportunity in a prime lake-view setting with exceptional visibility, accessibility, and
future possibilities. Currently 9 buildings/24 units. Vacant, NO ACCESS, STRICTLY SOLD AS-IS, WHERE-IS. Buyer to do Due Diligence regarding usage/zoning.
Agent Remarks: BB to pay $150RF Mortgage Services Corp tech/mgmt fee. All offers must be emailed w/purchase agreement/proof of funds/disclosures
countersigned/proof of earnest money deposit. Property sold in "as-is condition dimensions/information are approximate & buyer/representation responsibility to
verify
Property Facts
| Price | $2,100,000 | Building Class | C |
| Price Per Unit | $87,500 | Lot Size | 1.10 AC |
| Sale Type | Investment | Building Size | 15,000 SF |
| Sale Condition | Redevelopment Project | Average Occupancy | 100% |
| No. Units | 24 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1945 |
| Property Subtype | Apartment | Parking Ratio | 1.4/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | C-2 | ||
| Price | $2,100,000 |
| Price Per Unit | $87,500 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.10 AC |
| Building Size | 15,000 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1945 |
| Parking Ratio | 1.4/1,000 SF |
| Zoning | C-2 |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
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148 Route 181
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