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Ramsey Inn (Development Site) 425 NJ-17 18 Room Hotel Ramsey, NJ 07446 $2,300,000 ($127,778/Room)
INVESTMENT HIGHLIGHTS
- Unique Opportunity to Purchase just Under One Acre (0.932) of Land on Route 17 in Ramsey, Bergen County, New Jersey
- Approximately 280 Feet of Frontage Along Route 17
- Numerous Nearby National Retailers Showing Strong Consumer Demand in the Immediate Area
PROPERTY FACTS
| Price | $2,300,000 | Building Size | 3,193 SF |
| Price Per Room | $127,778 | No. Rooms | 18 |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Hospitality | Year Built | 1965 |
| Property Subtype | Hotel | Parking Ratio | 6.89/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.93 AC | ||
| Zoning | B-3 - B-3 Highway Business | ||
| Price | $2,300,000 |
| Price Per Room | $127,778 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.93 AC |
| Building Size | 3,193 SF |
| No. Rooms | 18 |
| No. Stories | 1 |
| Year Built | 1965 |
| Parking Ratio | 6.89/1,000 SF |
| Corridor | Exterior |
| Zoning | B-3 - B-3 Highway Business |
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 18 | $54.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | 48-05101-0000-00012 | Improvements Assessment | $766,600 |
| Land Assessment | $1,677,600 | Total Assessment | $2,444,200 |
PROPERTY TAXES
Parcel Number
48-05101-0000-00012
Land Assessment
$1,677,600
Improvements Assessment
$766,600
Total Assessment
$2,444,200
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Ramsey Inn (Development Site) | 425 NJ-17
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