$5,750,000 USD
301-467-5939
2545 N 5th Street Hwy
Reading, PA 19605
Outer Muhlenberg Township
HIGHLIGHTS
- Completed Total Room Renovation in Dec 2022
- Popular and Profitable Restaurant and Bar/Lounge Onsite for Additional Income Options
- Excellent Location off state highway with 25,000 Daily Traffic Count and Close to Multiple Year-Round Demand Generators
- Revenue Has Double Since Guestroom Renovations Have Been Completed
OVERVIEW
Excellent Opportunity to Purchase Top Budget-Economy Brand in Stabilized Market with Multiple Year-Round Demand Drivers
Sale Price Well Below Replacement Cost
Established, Successful Restaurant and Bar/Lounge Onsite Provides Additional Income Options
$1.5M Total Room Renovation Completed Dec 2022 - Revenue Has Doubled Since Then
FOR SALE DETAILS
PRICE
$5,750,000 USD
PRICE/SF
$77 USD /SF
# OF ROOMS
76
PRICE/ROOM
$75,658 {currency}
CAP RATE
10.71%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Red Roof Inn Reading
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
-
STORIES
2
ROOM ENTRANCE
Interior
BUILDING CLASS
C
YEAR BUILT
1964
PARKING SPACES
173
LAND DETAILS
LAND ACRES
4.12 AC
LAND SF
179,467 SF
ZONING
HC
APN/PARCEL ID
66-5308-16-82-1865
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301-467-5939
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301-467-5939
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