Holly Thorn Inn

Whitehouse Station, NJ
www.kw.com/homes-for-sale/08889-3130/NJ/Readingt

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Property Type
Bed & Breakfast / Inn
Guest Rooms
5
Baths
6
Restaurant
No
Owners Quarters
Yes
Asking Price
$635,000

Occupancy Rate
80%
Average Daily Rate
$200
Gross Revenue
$170,000
Gross Revenue Multiplier
4

Property Overview

In recent years, this charming English Manor home was a thriving Bed & Breakfast Inn located near corporate centers and pharmaceutical and telecom industry headquarters. It’s close proximity to highways I-78, I-287, Routes 202 and 22 make it a convenient location close to restaurants, Bridgewater Mall and Wegman’s Food Store. Easy access to train and bus service to New York City.


Property Description

Wonderful, open floor plan on the first level features soaring spaces, a kitchen with a large center island/serving area, dining area, walk-in pantry, and several sitting areas. The first floor also has a private room for TV watching, games and cards. Also featured are 5 guest suites each with an attached private bath plus a business center/office area. The Inn is located on 2.06 level acres.


Business Description

Bed & Breakfast Inn, group homes, senior homes are allowed by zoning. Potential for room rentals as Airbnb. The owners resided in the master suite with large walk-in closet and private bath and lived on the premises rent free. There is a potential for a private area for Innkeeper apartment.


Reason for Selling

The Inn was operated by the wife of a tech employed spouse. Husband took a new job outside of NJ.


Terms & Asking Price

Negotiable.