14451 Clearfield Shawville Hwy - Hospitality FOR SALE


Clearfield, PA 16830
$2,400,000 USD
412-867-9899
14451 Clearfield Shawville Hwy, Clearfield, PA for Sale
$2,400,000 USD
Hospitality - FOR SALE
1/1
null | Request Cap Rate

14451 Clearfield Shawville Hwy
Clearfield, PA 16830


OVERVIEW

CBRE, as exclusive agent for the owner, is pleased to present the opportunity to acquire a 6.32 +/- acre redevelopment site, with immediate access to Interstate 80, located at 14451 Clearfield Shawville Highway, Clearfield, PA (the “Property”). The site is currently occupied by a former 120-key Red Roof Inn & restaurant space (no longer operational). The site is in the heart of the retail trade area with neighboring tenancy including Walmart, Lowes, Sheetz, Snappy’s, Dunkin, KFC, BP & McDonald’s, in addition to numerous industrial operations adding built-in trade area demand. The Property represents a prime redevelopment opportunity, with immediate access to a full interchange of Interstate 80. Interstate 80 is the main east-west thoroughfare across the northern portion of Pennsylvania, providing direct accessibility to New York City and major metros to the west. Traffic counts at the interchange exceed 14,000 VPD. The Property offers investors multiple redevelopment scenarios including single or multi-tenant retail, medical office, light industrial, IOS or distribution, or the renovation and continued operation as a limited and/or restaurant.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$100 USD /SF

# OF ROOMS

48

PRICE/ROOM

$50,000 {currency}

CAP RATE

Request Cap Rate

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Roof Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

2005

PARKING SPACES

129

LAND DETAILS

LAND ACRES

6.32 AC

LAND SF

275,429 SF

ZONING

C

APN/PARCEL ID

1230L0700000090

ASK ABOUT THIS PROPERTY

412-867-9899

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412-867-9899

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