2196 US Highway 1 North Brunswick, New Jersey 08902

Middlesex County, North Brunswick, New Jersey 08902

Listing ID Number

24002

Property Description

Cushman & Wakefield has been retained on an exclusive basis to sell a 1.61 acre hotel development site along Route 1 South in North Brunswick, NJ. The sellers of the site secured full permits and approvals required to develop an 84-key Holiday Inn Express & Suites in February of 2015 (property positioned for other Flag(s)), and these approvals will be passed along to any buyer. The site is conveniently located less than ¼ mile from The North Brunswick Transit Village, a 212-acre, $250MM development currently underway which will add 1,875 residential units, over 870,000 sf of retail space, 195,000 sf of office space and a brand new train station on the NJ Transit Line. The site is also conveniently located 5 miles south of Rutgers University and 12 miles north of Princeton University. This offering represents a unique opportunity to purchase one of the few “shovel ready”, fully entitled parcels of land along Route 1, and allow a buyer to capitalize on the future emerging retail, office, residential, and transit developments in the immediate area.



Overview

Building Type:Development/Conversion Sites

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The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.