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Historic Mixed-Use Hospitality Property
For Sale
$5,899,900

31 Race St, Frenchtown, NJ 08825

Turnkey boutique hotel and restaurant in vibrant river town.

Property Size8,155 SF
Lot Size0.37 Acres
Price / SF$723.47
Days on Market296

Property Features for 31 Race St

General Information

Standard status Active
Size 8,155 SF
Lot size 0.37 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $28,690

Amenities

Central air
Asphalt Shingle Roof
Ductless Split AC Cooling
Forced Hot Air Heating
Level Lot
Open Lot
Parking Lot-Exclusive
Radiators - Steam Heating

Building Details

Year Built 1854
Listing Agency: COLDWELL BANKER HEARTHSIDE
Listed By: MARY ALICE HEIMERL · License #237481
Source: Corcoran
Added: Oct 30, 2025 Changed: Aug 21 Last Checked: Aug 21 at 8:14AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COLDWELL BANKER HEARTHSIDE

Investment Insights

Based on property information with market context.

This historic mixed-use hospitality property, totaling 8155 square feet, presents a rare opportunity to own a turnkey business in a sought-after river town. Located on Race Street in the center of Frenchtown's vibrant downtown, the landmark building is steps from the Delaware River, local shops, galleries, and community events. The property, dating back to the 19th century, has been updated to blend historic charm with modern functionality. It features multiple guest accommodations, each with period details, private baths, and inviting character, making it suitable for weekend visitors and wedding parties. The property includes both a boutique hotel and a full-service restaurant.

Key Highlights

  • Turnkey historic property with boutique hotel and full‑service restaurant.
  • Prime location in the heart of Frenchtown's vibrant downtown, steps from the Delaware River and local attractions.
  • Mixed‑use hospitality property offering both accommodation and dining.

Property Analytics

Current Use

The National Hotel Hotel & Motel Rathskeller Bar & Pub

Suggested Use

Top Pick Real Estate Agency HVAC Service Electrical Service Auto Parts Store (Bike/Boat/Book/etc) Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

269
Businesses Nearby
20k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 66% Groceries 33% Dining 2%
Citgo Shops & Services
7,671 visits/mo 0.1 miles
Frenchtown Market IGA Groceries
6,415 visits/mo 0.3 miles
TD Bank Shops & Services
5,314 visits/mo 0.2 miles
Napoli's Pizza Dining
336 visits/mo 0.0 miles

Demographics for 08825, NJ

4,494
Population
2,139
Households
2.1
Avg Household Size
48
Median Age
50%
College-Educated
95%
High-School Grad
29.0 sq mi
ZIP Area
155
Density / Sq Mi
$104,750
Median Household Income
$65,850
Median Earnings
$1,639
Median Rent
$471,800
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Hotel - Turnkey boutique hotel and restaurant in vibrant river town.
Where is this hotel located?
The property is located at 31 Race St Frenchtown, NJ.
What is the asking price?
The asking price for this property is $5,899,900.
What are key features of this property?
This property features: Turnkey historic property with boutique hotel and full‑service restaurant.; Prime location in the heart of Frenchtown's vibrant downtown, steps from the Delaware River and local attractions.; Mixed‑use hospitality property offering both accommodation and dining.
More about this property
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