439 Us-202Flemington, NJ 08822

For Sale
$2,300,000

7.27-acre approved Fairfield Inn site, NJ.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 7.27-acre commercial land parcel in Flemington, New Jersey, presents a unique opportunity for hotel development. Located on busy Route 202, the property boasts pre-approved plans for a 100-room Fairfield Inn & Suites, including an adjacent restaurant. The site's APN is 21-00036-0000-00052, and it's zoned Commercial B-3. Significant progress has already been made, with approximately 75% of the land improvements completed. All necessary sewer capacity and township approvals are in place, streamlining the development process. Architectural drawings are readily available for review. The property has been appraised "as is" at $3.8 million, reflecting the substantial value of the existing improvements and the approved development plans. The Marriott franchise license is already secured, with the option for extension at the buyer's discretion. This turnkey opportunity offers significant potential for investors seeking a high-return development project in a prime New Jersey location. The asking price for this exceptional property is $2,300,000. This represents a compelling investment opportunity given the completed approvals, existing improvements, and the strong potential for future revenue generation.

Highlights

  • 7.27-acre commercial land parcel approved for a 100-room Fairfield Inn & Suites in Flemington, NJ.
  • Marriott franchise license secured, with extension option.
  • All sewer capacity and township approvals complete.
  • Architectural drawings available.
  • As-is appraisal of $3.8M reflecting existing improvements and approved plans.

Property Details for 439 Us-202

Property type
Other land, Land
Lot Size (sq. ft)
316,681 SF

Location Insight

City
Flemington
County
Hunterdon
State
New Jersey
Latitude
40.5115075
Longitude
-74.8324592
439 Us-202, Flemington, New Jersey

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439 Us-202
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