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The Royal Inn 17089 Boot Jack Rd

44 Room Hotel Ridgway, PA 15853 $949,000 ($21,568/Room) 17.06% Cap Rate

Executive Summary

This prime piece of real estate is conveniently located on Route 219 that boasts a bar, restaurant, large banquet hall (perfect for any occasion!) and has a 42-room hotel plus 2 efficiency apartments. This is a rare opportunity to take over an already well-established business. Purchase price includes liquor license.

Property Facts

Price $949,000
Price Per Room $21,568
Sale Type Investment
Cap Rate 17.06%
Sale Conditions Business Value Included
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 1.60 AC
Building Size 26,581 SF
No. Rooms 44
No. Stories 2
Year Built 1953
Parking Ratio 3.99/1,000 SF
Corridor Exterior

Amenities

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

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 44 $83.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 09-12-282-2436
  • 09-12-282-2295
Land Assessment
$11,000
Improvements Assessment
$266,050
Total Assessment
$277,050

zoning

Zoning Code GB (General Business)
GB (General Business)
  • Listing ID: 27696259

  • Date on Market: 2/7/2023

  • Last Updated:

  • Address: 17089 Boot Jack Rd, Ridgway, PA 15853

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