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The National Hotel 31 Race St

10 Room Hotel Frenchtown, NJ 08825 £4,733,211 (£473,321/Room)

Investment Highlights

  • Multiple Dining Rooms, Ten newly decorated/designed hotel rooms, multiple bars, full liquor license, In the center of town, parking

Executive Summary

Indulge in the tranquility and elegance of The National Hotel. As Frenchtown's premier destination, our hotel offers a haven of relaxation, comfort and modern delights in the heart of Frenchtown. Experience the perfect blend of old-world charm and contemporary comforts at our recently remodeled bar and restaurant. Whether you're here for a weekend getaway or a special occasion, you'll be captivated by our upscale yet modest atmosphere that reflects the essence of this picturesque community. Indulge in delectable cuisine, unwind with handcrafted drinks, and create memories that will last a lifetime.
The National Hotel: A Timeless Retreat in Frenchtown
Nestled along the picturesque Delaware River, The National Hotel beckons with its timeless charm and modern comforts. This historic gem, lovingly refurbished by its current owner, seamlessly blends old-world elegance with contemporary luxury.
?? Ten Newly Redone Hotel Rooms: Each room is a sanctuary of comfort, adorned with tasteful furnishings and thoughtful amenities. Whether you seek a cozy escape or a spacious suite, The National Hotel offers a haven for discerning travelers.
?? Exquisite Dining and Libations: Savor delectable cuisine at the hotel’s restaurant, where locally sourced ingredients meet culinary artistry. The bar boasts handcrafted cocktails, fine wines, and local brews—a perfect complement to your stay.
?? Scenic Strolls and Memorable Moments: Explore Frenchtown’s charming streets, visit nearby art galleries, or embark on a hot air balloon ride over the fall foliage. The National Hotel promises unforgettable experiences.
Book your stay today and immerse yourself in the allure of this historic retreat. ???????

Financial Summary (Actual - 2023)

Annual Annual Per SF
Taxes £17,375 £2.13
Operating Expenses - -
Total Expenses £17,375 £2.13

Financial Summary (Actual - 2023)

Taxes
Annual £17,375
Annual Per SF £2.13
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual £17,375
Annual Per SF £2.13

Property Facts

Price £4,733,211
Price Per Room £473,321
Sale Type Investment
Sale Conditions High Vacancy Property
Property Type Hospitality
Property Subtype
Hotel
Building Class B
Lot Size 0.31 AC
Building Size 8,155 SF
No. Rooms 10
Number of Floors 3
Year Built/Renovated 1850/2023
Parking Ratio 1.1/1,000 SF
Corridor Interior

Amenities

  • Balcony
  • Restaurant
  • Wheelchair Accessible
  • High Speed Internet Access
  • Patio
  • On-Site Bar
  • Boutique/Lifestyle Hotel
  • Convention Hotel
  • Bed & Breakfast
  • Wedding Venue
  • Public Access Wi-Fi
  • Smoke-Free
  • Fully-Equipped Kitchen
  • Smoke Detector

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 10 £275.36 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
11-00041-0000-00005
Land Assessment
£262,737 (2024)
Improvements Assessment
£638,064 (2024)
Total Assessment
£900,801 (2024)
Annual Taxes
£17,375 (£2.13/sf)
Tax Year
2023

zoning

Zoning Code R-4 (Residential)
R-4 (Residential)
  • Listing ID: 32878933

  • Date on Market: 19/08/2024

  • Last Updated:

  • Address: 31 Race St, Frenchtown, NJ 08825

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