The Royal Inn | 17089 Boot Jack Rd
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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 | Lot Size | 1.60 AC |
Price Per Room | $21,568 | Building Size | 26,581 SF |
Sale Type | Investment | No. Rooms | 44 |
Cap Rate | 17.06% | No. Stories | 2 |
Sale Conditions | Business Value Included | Year Built | 1953 |
Property Type | Hospitality | Parking Ratio | 3.99/1,000 SF |
Property Subtype | Hotel | Corridor | Exterior |
Building Class | C |
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 | - |
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PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $266,050 | |
Land Assessment | $11,000 | Total Assessment | $277,050 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$11,000
Improvements Assessment
$266,050
Total Assessment
$277,050
zoning
Zoning Code | GB (General Business) |
GB (General Business) |
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The Royal Inn | 17089 Boot Jack Rd
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