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16 W 10th St
Erie, PA 16501

The Avalon Hotel & Conference Center · Hospitality Property For Sale · 140,395 SF

INVESTMENT HIGHLIGHTS

  • The hotel is located in an opportunity zone with tax credits, abatements, and public funding available.
  • An operational upside; the hotel is currently only operating 105 out of 193 rooms.
  • The current C-3 zoning allows for conversion to a multitude of alternative uses including multifamily.
  • There is nearly 25,000 square feet of meeting and event space available on-site.
  • A full renovation is needed and there is a potential rebranding opportunity to DoubleTree by Hilton.
  • The hotel is priced well below replacement cost.

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 1.40 AC
Building Size 140,395 SF
No. Stories 8
Year Built/Renovated 1977/2002
Parking Ratio 0.36/1,000 SF
Corridor Interior

AMENITIES

  • Business Center
  • Restaurant
  • High Speed Internet Access
  • On-Site Bar
  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free

PROPERTY TAXES

ZONING

Zoning Code C3 (Hotel)
  • Listing ID: 20806360

  • Date on Market: 8/31/2020

  • Last Updated:

  • Address: 16 W 10th St, Erie, PA 16501