3815 US Route 1 at Mapleton Rd | Princeton, NJ 08540
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- LoopNet Team
3815 US Route 1 at Mapleton Rd
Princeton, NJ 08540
Courtyard Princeton · Hospitality Property For Sale
·
77,000 SF
INVESTMENT HIGHLIGHTS
- Property Tours will be held by appointment only on Feb 21st- 22nd. Offered unencumbered of management or debt encumbrances.
- Excellent access with direct frontage along US Route 1, proximate to the New Jersey Turnpike, the Garden State Parkway, Amtrak and New Jersey Transit.
- Subject to a non-monetary ground lease with Princeton University. There are approximately 45 years remaining on the existing term.
- 154-key Courtyard Princeton is situated in a premier location adjacent to Princeton Medical Center and is only 1.5 miles from Downtown Princeton.
- Upon change of ownership, it is anticipated that Marriott will require the new owner to complete a change of ownership PIP.
- New owner may have the potential to convert the asset to fee simple.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1999/2014 |
| Building Class | B | Parking Ratio | 2.38/1,000 SF |
| Lot Size | 6.80 AC | Corridor | Interior |
| Building Size | 77,000 SF | ||
| Zoning | SR | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 6.80 AC |
| Building Size | 77,000 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1999/2014 |
| Parking Ratio | 2.38/1,000 SF |
| Corridor | Interior |
| Zoning | SR |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Restaurant
- High Speed Internet Access
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | 18-00302-0000-00003 | Improvements Assessment | $4,599,000 |
| Land Assessment | $6,651,000 | Total Assessment | $11,250,000 |
PROPERTY TAXES
Parcel Number
18-00302-0000-00003
Land Assessment
$6,651,000
Improvements Assessment
$4,599,000
Total Assessment
$11,250,000
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