11237 Shaw Ave - Hospitality FOR SALE


Meadville, PA 16335
$2,399,500 USD
412-535-5756
11237 Shaw Ave, Meadville, PA for Sale
$2,399,500 USD
Hospitality - FOR SALE
1/15
null | Request Cap Rate

11237 Shaw Ave
Meadville, PA 16335


HIGHLIGHTS

  • 63 rooms on 3 floors (elevator included)
  • Abundant guest amenities
  • Ideally positioned just off I-79 at Exit 147 & minutes from downtown Meadville and regional attractions

OVERVIEW

SVN Three Rivers Commercial Advisors is pleased to present the Econo Lodge located at 11237 Shaw Avenue in Meadville, PA, ideally positioned just off I-79 at Exit 147. This 63-room hospitality property was built in 1998 and remodeled in 2010. Opportunity for future rebranding or re-development in a prime location along US 19 with 27k vehicles per day. The property sits on a large 2.73 acres. Guest amenities include flat screen televisions, complimentary internet service, in-room desks with coffee/tea makers, mini refrigerators, microwaves, and continental breakfast. Meadville is home to Allegheny College and is situated 90 minutes north of Pittsburgh and 40 miles south of Erie with direct access to I-79 which is a major interstate. Meadville is also in close proximity to a variety of tourist destinations including Conneaut Lake, Pymatuning State Park and Erie National Wildlife Refuge. This Econo Lodge represents a strong hospitality opportunity with established brand recognition, a convenient interstate location, and proximity to both downtown Meadville and regional recreational destinations.

FOR SALE DETAILS

PRICE

$2,399,500 USD

PRICE/SF

$90 USD /SF

# OF ROOMS

63

PRICE/ROOM

$38,087 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Econo Lodge Meadville

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1998

PARKING SPACES

58

LAND DETAILS

LAND ACRES

2.73 AC

LAND SF

118,919 SF

ZONING

Commercial

APN/PARCEL ID

110663,6506-026-1A

ASK ABOUT THIS PROPERTY

Jason CampagnaSVN - Three Rivers Commercial AdvisorsMore Info
412-535-5756

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jason CampagnaSVN - Three Rivers Commercial AdvisorsMore Info
412-535-5756

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.