This Hospitality Property is no longer advertised on LoopNet.com.

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
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

  • Listing ID: 27508543

  • Date on Market: 1/13/2023

  • Last Updated:

  • Address: 3815 US Route 1 at Mapleton Rd, Princeton, NJ 08540