Hotel and Hospitality
37 Progress Street B2 Edison Edison, NJ 08820
37 Progress Street B2 Edison, Edison, NJ, 08820
$1,500,000
For Sale
$1,500,000
For sale hospitality property offering an ownership opportunity within a commercial building footprint.
Property Size5,815 SF
Price / SF$257.95
Days on Market22
Property Features for 37 Progress Street B2 Edison
General Information
- Standard status
- Active
- Size
- 5,815 SF
Building Details
- Year Built
- 1984
Listing agency
(609) 891-3848
Listed by
Sarina Campanella
(609) 891-3848
Source
Remaxwelcomehomenj
Added: Jun 30 Updated: Jul 10 at 2:09PM Checked: Jul 21 at 3:16AM
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 Sarina Campanella
Investment Insights
Based on property information with market context.
This property is offered for sale as a hotel and hospitality asset within a commercial real estate setting. The offering is listed at $1,500,000 and includes a total property size of 5,815, providing a defined footprint for hospitality-oriented operations or redevelopment planning, subject to applicable approvals and due diligence.
The asset is located at 37 Progress Street B2 in Edison, NJ 08820. As presented, the information available supports the type and size of the property for consideration, while additional details such as unit configuration, branding status, and interior condition are not specified and should be confirmed during the buyer review process.
From a practical standpoint, this listing is suited to investors, operators, and developers evaluating hospitality use and acquisition targets in Edison. Buyers should plan to assess the building’s functional layout, compliance requirements, and suitability for their intended concept, including how the existing improvements and site particulars align with their operational or redevelopment goals. The provided data supports consideration of the asset as a hotel and hospitality property, with all other operational specifics to be verified.
The asset is located at 37 Progress Street B2 in Edison, NJ 08820. As presented, the information available supports the type and size of the property for consideration, while additional details such as unit configuration, branding status, and interior condition are not specified and should be confirmed during the buyer review process.
From a practical standpoint, this listing is suited to investors, operators, and developers evaluating hospitality use and acquisition targets in Edison. Buyers should plan to assess the building’s functional layout, compliance requirements, and suitability for their intended concept, including how the existing improvements and site particulars align with their operational or redevelopment goals. The provided data supports consideration of the asset as a hotel and hospitality property, with all other operational specifics to be verified.
Key Highlights
- Commercial building area totals 5,815 SF
- Single‑story property built in 1984
- 0.1335‑acre lot with parking for up to 80 vehicles
Local Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $104.7k | $18.00 |
| − Vacancy | −$12.6k | −$2.16 |
| EGI | $92.1k | $15.84 |
| − OpEx | −$48.4k | −$8.32 |
| NOI | $43.8k | $7.52 |
5,815 SF · lease $18.00/SF/yr · vacancy 12.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$625.0K
$546.9K – $729.2K
NOI $43,752 @ 7.0% cap · market cap 2.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.88M
$1.65M – $2.20M
NOI $131,923 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hotels
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FAQs
What type of property is this?
Hotel - For sale hospitality property offering an ownership opportunity within a commercial building footprint.
Where is this hotel located?
The property is located at 37 Progress Street B2 Edison Edison, NJ.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Commercial building area totals 5,815 SF; Single‑story property built in 1984; 0.1335‑acre lot with parking for up to 80 vehicles
