144 Spg St Newton, NJ 07860-2009

This exceptional investment opportunity presents a 40-room mixed-use hotel boasting a remarkably strong rental history and a substantial waiting list, indicating high demand and consistent occupancy. Located at 144 Spring Street in Newton, NJ, this property occupies a 0.13-acre lot and encompasses a generous 14,176 square feet. The building has recently undergone a complete renovation, ensuring modern amenities and optimal functionality. A key component of this lucrative offering is a fully operational restaurant with an existing liquor license, currently operating under a lease agreement. This adds a significant revenue stream to the hotel's already impressive cash flow. The strategic location on Spring Street, a rapidly redeveloping area of Newton, NJ, further enhances the property's long-term investment potential. The asking price of $2,700,000 reflects the property's strong income generation and is negotiable based on the terms and conditions of the sale. This presents a rare chance to acquire a turnkey, high-performing commercial property with significant upside potential in a thriving market. Financial details and lease agreements are available upon request. Serious inquiries only.