Grantville Commons 9969 Allentown Blvd
6 Room Hotel Grantville, PA 17028 $599,000 ($99,833/Room) 11.40% Cap Rate
INVESTMENT HIGHLIGHTS
- Current operating as an 8-unit weekly extended stay motel with two mobile homes generating consistent income flow
- Close proximity to Hollywood Casino
- Surplus land can be available for redevelopment, ideal for hotel and/or restaurant site
EXECUTIVE SUMMARY
Great location on Route 22 providing opportunity to invest in new hospitality / retail / multi-tenant development within a mile from Hollywood Casino and Racetrack, featuring many restaurants, life entertainment, slots, poker and other table games. Property is located within 6 miles from Hershey attractions and on the way from I-81.
PROPERTY FACTS
| Price | $599,000 |
| Price Per Room | $99,833 |
| Sale Type | Investment |
| Cap Rate | 11.40% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.57 AC |
| Building Size | 4,002 SF |
| No. Rooms | 6 |
| No. Stories | 1 |
| Year Built | 1950 |
| Corridor | Exterior |
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 6 | $50.00 | - |
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PROPERTY TAXES
| Parcel Number | 25-011-027 | Improvements Assessment | $130,600 |
| Land Assessment | $130,000 | Total Assessment | $260,600 |
