1063 Highway 315 | Wilkes Barre, PA 18702
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1063 Highway 315
Wilkes Barre, PA 18702
Holiday Inn Express Wilkes Barre East · Hospitality Property For Sale
·
50,140 SF
INVESTMENT HIGHLIGHTS
- $5.7MM non-performing loan (NPL) collateralized by the fee-simple interest in the 117-room Holiday Inn Express Wilkes-Barre East.
- Less than two miles from the 320-bed Geisinger Wyoming Valley Medical Center where they recently announced an $80MM, 93,000-square-foot expansion.
- Near the Wilkes -Barre VA Medical Center, US Social Security Administration, Wyoming Valley Mall, Mohegan Sun Pocono Casino and the Mohegan Sun Arena.
- Optimal time to be investing in the Wyoming Valley area; home to several transportation and logistics distribution centers for Amazon and others.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 5 |
| Property Subtype | Hotel | Year Built/Renovated | 1990/2023 |
| Building Class | B | Tenancy | Single |
| Lot Size | 4.06 AC | Parking Ratio | 1/1,000 SF |
| Building Size | 50,140 SF | Corridor | Interior |
| Zoning | C4 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 4.06 AC |
| Building Size | 50,140 SF |
| No. Stories | 5 |
| Year Built/Renovated | 1990/2023 |
| Tenancy | Single |
| Parking Ratio | 1/1,000 SF |
| Corridor | Interior |
| Zoning | C4 |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
PROPERTY TAXES
| Parcel Number | 50-H11-00A-01P-000 | Improvements Assessment | $2,868,000 |
| Land Assessment | $1,200,000 | Total Assessment | $4,068,000 |
PROPERTY TAXES
Parcel Number
50-H11-00A-01P-000
Land Assessment
$1,200,000
Improvements Assessment
$2,868,000
Total Assessment
$4,068,000
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