Monday, November 25, 2013

Preservation Potentials: Green Castle Hotel

Very excited to present the latest Preservation Potential! A once lovely 1880 building chock full of history and potential is up for sale. The building has been under threat of demolition and this could be a chance in a lifetime to save it whilst investing in this historically scenic gateway into Woodbury. Situated on the corner of Cooper and Railroad, the former Victorian-era hotel built by a 5-term mayor, Lewis M. Green is located across from a successful cafe-style restaurant and a few steps from the active Priya art gallery! It will also be nearby the planned light rail stop which is in development now. The building needs some restorative work but the bones are good! The potential is enormous! This spot would be an amazing coffee shop, arts center, museum, storefront, bed and breakfast... you name it! Original exterior window shutters as shown on the photo below are currently stored in the basement. Available grants for restoration funding are available to non-profits. Also because the property is a contributing building in the New Jersey Register of Historic Places' Green Era District potential grant aid is available. More information HERE.

From the listing: The subject property is a combination two and three story building with a partial basement. The Owner has authorized the sale of the building, subject to the City of Woodbury approving a formal minor subdivision plan creating a lot with the building on it of approximately 45' x 90'; this will result in a non-conforming lot requiring a variance(s). The Owner will consider a license for the land retained by the Owner for a buyer's adjacent on site ingress and egress as well as parking use under terms and conditions to be determined by the Owner. The building contains approximately 24 rooms with various bathrooms and kitchen areas. The total estimated gross building area is 5,348 SF. The building is in need of complete restoration and remodeling both inside and out. It is the intent of the Owner to have the building restored by and investor or user. The proposed sale is part of Block 118 Lot 27. Real Estate taxes would be determined after an approved subdivision. Located in the Historic District.

Offered at $250,000! 

Full listing HERE.

For the back story visit HERE and HERE.