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430 Front St

Belvidere Twp., NJ 07823
  • $1,100,000
  • STATUS: Active Under Contract
  • ON SITE: 162 Days
  • MLS #: 3804757
Under Contract
$1,100,000
  • 0
    BEDS
  • 0.31
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 13,000
    SQFT
  • $85
    $/SQFT
Type:
Commercial
Built:
1831
County:

School Ratings & Info

Description

A Fantastic Investment Opportunity in the Hospitality Industry! Part of the fabric of Belvidere is the Belvidere Hotel (established in 1831). Current owner extensively updated and renovated this approximate 13,000 sq ft building with a 1-million-dollar bank loan! Offered are 21 bedrooms including 15 Regular rooms (King- and Queen-sized beds) and 6 Suites (all with Queen-sized beds). Public Water, Public Sewer, Natural Gas, 7-zone updated central air system! Broad class "C" liquor license also to be conveyed with this sale! The Belvidere Hotel will reach its full potential when you resurrect the beautiful bar space in the basement, as well as the banquet room in the rear of the building (these two areas constitute approximately 6,000 sq ft). Cap rate without utilization of liquor license is +/- 13%. Please ask Jack for more details! We await your visit! As a notation, taxes have been appealed and judgement has been entered in tax court. Taxes for 2021 to be approximately $18,000.

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Garden State MLS logo © 2023 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than eXp Realty are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2023-02-08T23:46:18.13.
www.williamhagangroup.com/homes/132604815
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430 Front St Belvidere Twp., NJ 07823

  • Price: $1,100,000
  • Status: Active Under Contract
  • On Site: 162 Days
  • MLS #: 3804757
0
Beds
0
Baths
0
½ Baths
0.31
Acres
13,000
SQFT
$85
$/SQFT
1831
Built
County:
Warren
Area:
Belvidere Twp.
Property Description
A Fantastic Investment Opportunity in the Hospitality Industry! Part of the fabric of Belvidere is the Belvidere Hotel (established in 1831). Current owner extensively updated and renovated this approximate 13,000 sq ft building with a 1-million-dollar bank loan! Offered are 21 bedrooms including 15 Regular rooms (King- and Queen-sized beds) and 6 Suites (all with Queen-sized beds). Public Water, Public Sewer, Natural Gas, 7-zone updated central air system! Broad class "C" liquor license also to be conveyed with this sale! The Belvidere Hotel will reach its full potential when you resurrect the beautiful bar space in the basement, as well as the banquet room in the rear of the building (these two areas constitute approximately 6,000 sq ft). Cap rate without utilization of liquor license is +/- 13%. Please ask Jack for more details! We await your visit! As a notation, taxes have been appealed and judgement has been entered in tax court. Taxes for 2021 to be approximately $18,000.
Exterior Features

Approximate Lot Size 52 X 192 IRR .311AC Available Parking Spaces 20 Construction Brick/BlockFormed Concrete Exterior Description Vinyl Siding Location Business DistrictCornerFreestanding Lot Description CornerOpen Lot Number Of Bays 0 Number Of Docks 0 Parking Driveway Description BlacktopDriveway-ExclusiveOn-Street ParkingSee Remarks Roof Description Asphalt ShingleSee Remarks

Interior Features

Basement Yes Basement Description Finished-Partially Cooling 4+ UnitsCentral Air Equipment Available AppliancesFixturesFurnitureOffice EquipmentRefrigeration UnitSecurity SystemSign - RoofStorage Area(S) Floors CarpetingConcreteLaminateTileWood Heating 4+ UnitsMulti-Zone Max Ceiling Height 11 Max Door Height 8 Number Of Lavatories 26 Office Sq Ft 0

Property Features

For Sale Or Lease For Sale Fuel Type Gas-Natural Primary Property Type Hotel/Motel Property Type Hotel/Motel Sale Includes Building & BusinessBuilding & LandEquipmentInventory Sewer Public Sewer Suite Number 0 Tax Amount 35818 Tax Rate Amount 5.672 Tax Rate Year 2021 Tax Year 2021 Utilities All UndergroundElectricGas-Natural Utilities Paid By Landlord Water Public Water Year Built Description ApproximateRenovated Zoning B

Listing information © 2023 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Bhhs - New Jersey Properties: 908-735-9700.


Garden State MLS logo © 2023 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than eXp Realty are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2023-02-08T23:46:18.13.
 
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