The development site is situated off Old York Road within 1 mile south of the Exit 7 interchange off Interstate 95 (New Jersey Turnpike) 2 miles west of the Exit 57A interchange of Interstate 295. The site is located at: 2497 Old York Road, Bordentown, New Jersey 08505. The site is an irregular triangle shape with excellent frontage and visibility from Interstate 95 northbound side. Specifications for the site are below.
Block & Lock: Block 136, Lot 1
Size: 4.0 acres
Town/County: Bordentown/Burlington
Zoning: Research, Engineering, and Offices (hotels are permissible use)
Maximum Floor Area ratio: 25%
Property Rights Fee Simple Estate
?The site benefits from excellent and frontage visibility from Interstate 95
?Located off a highly travelled major Interstate and exit interchange. According the last traffic count by NJ Department of Transportation in July 2011, thirty thousand cars travel daily on Interchange of Exit 7 for US 206 (also known as Old York Road).
? Limited competition with numerous national brands available in the competitive and immediate market areas.
?Zoning and building regulations allows for pylon and monument signage off Interstate 95 and Old York Road.
?Site has buildable ratio of 25% which allows for development of 85 to 120 rooms.
?The site can accommodate a number of different lodging configurations: a 120-unit select service hotel, a 80 to 100-unit extended stay brand, a 80 to 120-unit limited service hotel, or even two separate 60 -unit “dual branded” limited service products. Buyers should conduct their own financial analyses based upon their own market research intended use of the site.
? Warehouse and residential development projects recently completed and under construction bode very well for the local economy and lodging market.
?Geographically, Bordentown has easy access to a variety of demand generators.
