Almont Hotel 6 Walnut St 6 Room Hotel Nicholson, PA 18446 $150,000 ($25,000/Room)

INVESTMENT HIGHLIGHTS

  • Close to popular ski resorts, regional shopping hubs, and recreational destinations.
  • Tavern with kitchen on the first floor, 6 guestrooms on the second floor with access both inside and seperate from the tavern.
  • 1 Hour or less to: Wilkes-Barre, Binghamton, Endicott, Vestal, Kirkwood, Honesdale, Damascus
  • Perfectly positioned to capture traffic from nearby towns and outdoor enthusiasts.
  • 30 Minutes or less to: Scranton, Dickson City, Carbondale, Tunkhannock, Montrose, New Milford, & Elk Mountain Ski resort.
  • State gamelands nearby

EXECUTIVE SUMMARY

Historic Tavern & Hotel in Nicholson, PA – Your Next Investment Opportunity!
Nestled in the heart of Nicholson, Pennsylvania, this charming historic tavern and hotel offers an unparalleled opportunity to own a piece of local history while tapping into a thriving regional market. Just minutes from Scranton, Dickson City, Carbondale, Tunkhannock, Montrose, New Milford, and the Elk Mountain Ski Resort, the location is ideal for attracting tourists and locals alike.
Key Features:
Accommodations: The hotel features 6 cozy guest rooms on the second floor, with a shared bathroom and common area, accessible via a private exterior entrance, ensuring a comfortable and private stay.
Historic Tavern: The first-floor tavern seats 12+ patrons, with a dedicated dining area, room for a pool table or other amusements, and 2 restrooms. Equipped with a fire suppression hood system that is up-to-date on inspections, ensuring the safety of your patrons.
Size & Layout: 3,400± SF with .25± acres, this two-story building also includes a basement and an unfinished two-story addition at the rear, offering potential for expansion. Ample parking makes it convenient for guests and patrons.
Utilities & Zoning: Featuring natural gas-fired zoned heating, along with public sewer and water, the property is zoned Business 1, providing flexibility for various commercial uses.
Location Benefits:
Close to popular ski resorts, regional shopping hubs, and recreational destinations.
Perfectly positioned to capture traffic from nearby towns and outdoor enthusiasts.

PROPERTY FACTS

Price $150,000
Price Per Room $25,000
Sale Type Investment
Sale Conditions
Redevelopment Project
  • REO Sale
Property Type Hospitality
Property Subtype
Hotel
Building Class C
Lot Size 0.25 AC
Building Size 3,400 SF
No. Rooms 6
No. Stories 2
Year Built 1900
Parking Ratio 1.47/1,000 SF
Corridor Interior
Zoning B1 - Zoning designation is Business 1

AMENITIES

  • Public Access Wifi

ROOM MIX INFORMATION

DESCRIPTION NO. ROOMS DAILY RATE SF
Guest Room 6 $72.00 -

PROPERTY TAXES

  • Listing ID: 33449269

  • Date on Market: 10/8/2024

  • Last Updated:

  • Address: 6 Walnut St, Nicholson, PA 18446