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Econo Lodge Chambersburg 1095 Wayne Ave 124 Room Hotel Chambersburg, PA 17201 $4,000,000 ($32,258/Room) 10.80% Cap Rate
INVESTMENT HIGHLIGHTS
- Newly renovated
EXECUTIVE SUMMARY
Prime location, newly renovated 124 rooms EconoLodge Motel for Sale in Chambersburg, PA. The hotel has a banquet hall for additional income. The property consists of 6.78 acres of Highway commercial land right of Highway 81. The property was newly renovated in 2022 with brand new roof, fire system, water heaters, flooring, painting & furniture. There would be minimum PIP for the new buyer. The property features free travel-essential amenities like WiFi, coffee, freshly prepared deluxe continental breakfast each morning and parking for compact and oversized vehicles. On sight vending machines available. Extra amenities include a guest laundry facility, hotel safe and a seasonal outdoor pool and sundeck. And you’ll always get professional service from our friendly staff and 24-hour reception.
The property is located within minutes from major ware housing market and right of Highway 81 to get potential accounts to gain good business. The Seller at his own discretion could offer a lease to buy option or an owner financing option to a qualified buyer.
The property is located within minutes from major ware housing market and right of Highway 81 to get potential accounts to gain good business. The Seller at his own discretion could offer a lease to buy option or an owner financing option to a qualified buyer.
PROPERTY FACTS
| Price | $4,000,000 | Lot Size | 6.78 AC |
| Price Per Room | $32,258 | Building Size | 91,028 SF |
| Sale Type | Investment | No. Rooms | 124 |
| Cap Rate | 10.80% | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1969/2022 |
| Property Subtype | Hotel | Parking Ratio | 2.32/1,000 SF |
| Building Class | C | Corridor | Interior |
| Zoning | DCH - Distributive Commercial Highway | ||
| Price | $4,000,000 |
| Price Per Room | $32,258 |
| Sale Type | Investment |
| Cap Rate | 10.80% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 6.78 AC |
| Building Size | 91,028 SF |
| No. Rooms | 124 |
| No. Stories | 2 |
| Year Built/Renovated | 1969/2022 |
| Parking Ratio | 2.32/1,000 SF |
| Corridor | Interior |
| Zoning | DCH - Distributive Commercial Highway |
AMENITIES
- Fitness Center
- Pool
- Restaurant
- High Speed Internet Access
- Meeting Event Space
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 14 | $79.00 | - |
| Guest Room | 110 | $69.00 | - |
PROPERTY TAXES
| Parcel Number | 06-1E-4A | Improvements Assessment | $118,570 |
| Land Assessment | $47,680 | Total Assessment | $166,250 |
PROPERTY TAXES
Parcel Number
06-1E-4A
Land Assessment
$47,680
Improvements Assessment
$118,570
Total Assessment
$166,250
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Econo Lodge Chambersburg | 1095 Wayne Ave
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