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2339 State Rt 4
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
Type of Ownership
Fee Simple
Property Type
Hospitality
Property Subtype
Hotel
Building Class
C
Lot Size
4.07 AC
Building Size
92,418 SF
No. Stories
6
Year Built/Renovated
1969/2011
Parking Ratio
1.81/1,000 SF
Corridor
Interior
Zoning
C5
AMENITIES
Business Center Fitness Center Pool
Restaurant High Speed Internet Access
Patio Meeting Event Space
Public Access Wifi Smoke-Free
PROPERTY TAXES
Parcel Numbers
Multiple
19-06354-0000-00007-0000-T01
19-06354-0000-00007
Improvements Assessment
$3,003,000
Land Assessment
$11,350,500
Total Assessment
$14,353,500
