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APM Inn - Hagerstown, MD 431 Dual Hwy

114 Room Hotel Hagerstown, MD 21740 $8,500,000 ($74,561/Room)

Hotels Maryland Hagerstown 431 Dual Hwy, Hagerstown, MD 21740

Investment Highlights

  • 30,000+ traffic count
  • Perfect redevelopment site for Senior housing, assisted living, or extended stay apartments.

Executive Summary

Site is suitable for redevelopment to either senior housing, extended stay or apartments. This property is available at less that 1/3 of the replacement value. Hotel consists of 114 oversized rooms and suites, a coffee shop, hair salon and 12 individual offices with a conference room. Owner will assist in financing to a qualified buyer. Located at a signaled intersection directly on the Dual Hwy.

Attachments

ANSREDEVELOPMENT

Property Facts

Price $8,500,000 Building Size 97,000 SF
Price Per Room $74,561 No. Rooms 114
Sale Type Investment No. Stories 5
Sale Conditions Redevelopment Project Year Built/Renovated 1952/2023
Property Type Hospitality Tenancy Single
Property Subtype Hotel Parking Ratio 5.97/1,000 SF
Building Class B Corridor Interior
Lot Size 2.95 AC
Price $8,500,000
Price Per Room $74,561
Sale Type Investment
Sale Conditions Redevelopment Project
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 2.95 AC
Building Size 97,000 SF
No. Rooms 114
No. Stories 5
Year Built/Renovated 1952/2023
Tenancy Single
Parking Ratio 5.97/1,000 SF
Corridor Interior

Amenities

  • High Speed Internet Access
  • Meeting Event Space
  • Public Access Wifi

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 9 $109.00 -
Guest Room 105 $79.00 -
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Walk Score ®
Very Walkable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 17-015575 Improvements Assessment $0
Land Assessment $0 Total Assessment $4,459,700

PROPERTY TAXES

Parcel Number
17-015575
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,459,700

zoning

Zoning Code C2 (Residential Institutions)
C2 (Residential Institutions)
(540) 450-0142

  • Listing ID: 29490259

  • Date on Market: 9/11/2023

  • Last Updated:

  • Address: 431 Dual Hwy, Hagerstown, MD 21740

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APM Inn - Hagerstown, MD | 431 Dual Hwy
(540) 450-0142 x

APM Inn - Hagerstown, MD | 431 Dual Hwy

Meridee Powars

(540) 450-0142

(540) 450-0142

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