340 Racetrack Rd | Washington, PA 15301
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- LoopNet Team
340 Racetrack Rd
Washington, PA 15301
DoubleTree by Hilton Hotel Pittsburgh · Hospitality Property For Sale · 60,000 SF
Investment Highlights
- Premium-branded, recently renovated, compact full-service hotel offered well below replacement cost.
- Highly accessible location adjacent to Meadows Racetrack & Casino on expansive 8.4-acre site significantly below land value.
- Considerable cash flow appreciation opportunity through greater operational efficiencies.
- Attainable top-line growth following a change of ownership PIP and recent $2.3 million capital injection in 2020.
- Poised to capitalize on Pennsylvania's promising natural gas and energy sector trajectory.
- One of the industry's premier reservation and rewards systems with no new competitive supply in the area.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 6 |
| Property Subtype | Hotel | Year Built/Renovated | 1972/2020 |
| Building Class | B | Parking Ratio | 5.7/1,000 SF |
| Lot Size | 9.40 AC | Corridor | Interior |
| Building Size | 60,000 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 9.40 AC |
| Building Size | 60,000 SF |
| No. Stories | 6 |
| Year Built/Renovated | 1972/2020 |
| Parking Ratio | 5.7/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- Restaurant
- Room Service
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Digital key
PROPERTY TAXES
| Parcel Number | 5200110000001603 | Improvements Assessment | $4,405,000 |
| Land Assessment | $3,513,900 | Total Assessment | $7,918,900 |
PROPERTY TAXES
Parcel Number
5200110000001603
Land Assessment
$3,513,900
Improvements Assessment
$4,405,000
Total Assessment
$7,918,900
zoning
| Zoning Code | C-1 (Commercial District) |
| C-1 (Commercial District) |
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