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Grantville Commons 9969 Allentown Blvd 6 Room Hotel Grantville, PA 17028 $599,000 ($99,833/Room) 11.40% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Current operating as an 8-unit weekly extended stay motel with two mobile homes generating consistent income flow
  • Close proximity to Hollywood Casino
  • Surplus land can be available for redevelopment, ideal for hotel and/or restaurant site

EXECUTIVE SUMMARY

Great location on Route 22 providing opportunity to invest in new hospitality / retail / multi-tenant development within a mile from Hollywood Casino and Racetrack, featuring many restaurants, life entertainment, slots, poker and other table games. Property is located within 6 miles from Hershey attractions and on the way from I-81.

PROPERTY FACTS

Price $599,000
Price Per Room $99,833
Sale Type Investment
Cap Rate 11.40%
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 1.57 AC
Building Size 4,002 SF
No. Rooms 6
No. Stories 1
Year Built 1950
Parking Ratio 2.75/1,000 SF
Corridor Exterior

ROOM MIX INFORMATION

DESCRIPTION NO. ROOMS DAILY RATE SF
Guest Room 6 $50.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
25-011-027
Land Assessment
$130,000
Improvements Assessment
$130,600
Total Assessment
$260,600
  • Listing ID: 22216986

  • Date on Market: 11/19/2020

  • Last Updated:

  • Address: 9969 Allentown Blvd, Grantville, PA 17028

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