92-Room Exterior-Corridor
1132 Route 73, Mount Laurel, NJ 08054
For Sale
$6,200,000
Commercial Sale, Mount Laurel, NJ
Property Size41,148 SF
Lot Size2.42 Acres
Price / SF$150.68
Days on Market234
Property Features for 1132 Route 73
General Information
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Size
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Tax Annual Amount
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Building Details
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Listing Agency:
Keller Williams Realty Freehold
Listed By:
Iftikhar Haq · License NJ #0789304
(732) 536-9010
Added: Mar 24
Changed: Oct 2
Last Checked: Nov 12 at 6:06PM
MLS# 22607780
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 92-room hotel contains 41,148 square feet in a two-story, exterior-corridor configuration built with reinforced concrete. The guest-room access design supports the property’s economy-class lodging format. Capital work completed in 2023 included a new boiler, comprehensive plumbing replacement, and new PTAC units throughout the guest rooms; the property also received an earlier renovation in 2012.
The hotel operates as a franchise under the Choice Hotels International umbrella and is located at 1132 Route 73 in Mount Laurel, New Jersey. Route 73 carries nearly 65,000 vehicles daily, while more than 70,000 daytime employees are located within a three-mile radius. The site is served by public water and public sewer.
The hotel operates as a franchise under the Choice Hotels International umbrella and is located at 1132 Route 73 in Mount Laurel, New Jersey. Route 73 carries nearly 65,000 vehicles daily, while more than 70,000 daytime employees are located within a three-mile radius. The site is served by public water and public sewer.
Key Highlights
- 92‑room hotel with 41,148 square feet of building area
- Two‑story, exterior‑corridor design constructed with reinforced concrete
- 2023 improvements included a new boiler and comprehensive new plumbing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$225,124
Cap Rate
3.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,502,480
$4.5M
Cap Rate 7%
$3,216,057
$3.2M
Cap Rate 9%
$2,501,378
$2.5M
Market Conditions
NOI Build-Up for 41,148 SF
Gross rent
$553.0K $13.44/SF
− Vacancy
−$79.1K −$1.92/SF
EGI
$473.9K $11.52/SF
− OpEx
−$248.8K −$6.05/SF
NOI
$225.1K $5.47/SF
Area
Burlington County, NJ
Vacancy
14.30%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,502,480
Cap Rate 7%
$3,216,057
Cap Rate 9%
$2,501,378
Alternative Uses
Best Use
Hotel Hospitality
$3.22M
$2.81M – $3.75M
NOI $225,124 @ 7.0% cap · market cap 3.63%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$8.79M
$7.69M – $10.26M
NOI $615,328 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,593
Businesses Nearby
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Business Placement
Demographics for 08054, NJ
44,633
Population
19,966
Households
2.2
Avg Household Size
44
Median Age
56%
College-Educated
96%
High-School Grad
21.7 sq mi
ZIP Area
2,057
Density / Sq Mi
$114,629
Median Household Income
$67,986
Median Earnings
$1,966
Median Rent
$341,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hotel - Two-story hotel with updated building systems, exterior guest-room access, and franchise operations under Choice Hotels International.
Where is this hotel located?
The property is located at 1132 Route 73 Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $6,200,000.
What are key features of this property?
This property features: 92‑room hotel with 41,148 square feet of building area; Two‑story, exterior‑corridor design constructed with reinforced concrete; 2023 improvements included a new boiler and comprehensive new plumbing
