2339 State Rt 4 | Fort Lee, NJ 07024
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2339 State Rt 4
Fort Lee, NJ 07024
Fort Lee NJ | Value-Add Hotel | 185 Keys · Hospitality Property For Sale
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92,418 SF
INVESTMENT HIGHLIGHTS
- This 185-key hospitality asset sits on a sizable 5.43-acre plot in North Jersey, offering tremendous potential for value addition and development.
- Nestled between I-95 and SR 4 and ideally located less than 4 miles from New York City via the renowned George Washington Bridge.
- Northern New Jersey/New York City hospitality markets have shown remarkable recovery post-pandemic, with significant increases in RevPAR.
- Brand Availability includes Marriott, Hilton, IHG, Wyndham, Sonesta, Choice and Others.
- Opportunity to increase NOI with an additional, on-site 5,000-SF extended-stay building with potential for rental income or alternative uses.
- Upcoming major events, such as the 10-Year Hudson Tunnel Project and nine FIFA World Cup matches in 2026, are poised to boost demand in the area.
PROPERTY FACTS
| Sale Condition | Auction Sale | Building Size | 92,418 SF |
| Type of Ownership | Fee Simple | No. Stories | 6 |
| Property Type | Hospitality | Year Built/Renovated | 1969/2011 |
| Property Subtype | Hotel | Parking Ratio | 1.97/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 5.43 AC | Parcel Number | 19-06354-0000-00007 |
| Zoning | C5 | ||
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 5.43 AC |
| Building Size | 92,418 SF |
| No. Stories | 6 |
| Year Built/Renovated | 1969/2011 |
| Parking Ratio | 1.97/1,000 SF |
| Corridor | Interior |
| Zoning | C5 |
| Parcel Number | 19-06354-0000-00007 |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Restaurant
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
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