299 Adena Dr - Hospitality FOR SALE


Newcomerstown, OH 43832
$1,302,000 USD
614-450-2510
299 Adena Dr, Newcomerstown, OH for Sale
$1,302,000 USD
Hospitality - FOR SALE
1/25
null | Request Cap Rate

299 Adena Dr
Newcomerstown, OH 43832


HIGHLIGHTS

  • Strategic Location
  • Direct I-77 Access (Exit 65) - Midway between Pittsburgh & Columbus
  • First exit north of the drilling fields, saving crews 30 minutes of daily commute
  • Simona Boltaron, a global leader in aircraft interior thermoplastics, is headquartered just minutes away.
  • Major highway (I-77) and utility infrastructure projects funded by state and federal grants.

OVERVIEW

THE "SHALE GATEWAY" OPPORTUNITY - Strategy Workforce Housing & Energy Sector Basecamp Acquire a stabilized, 62-key asset at an exceptionally low basis of $21,000 per key. Pivot operations from transient tourism to "Workforce Basecamp" contracts, serving the high-demand energy and aerospace manufacturing sectors. The Super 8 Newcomerstown is more than a hospitality asset; it is a strategic logistical hub at the gateway to the Utica Shale energy boom. With EOG Resources' recent $5.6 Billion acquisition of Encino Energy, drilling activity in the neighboring Harrison and Guernsey counties is rapidly expanding. This massive influx of energy workers—from roughnecks to engineers—faces a critical shortage of suitable housing. • Irreplaceable Basis: Acquisition at land/shell value. Virtually zero downside risk at this price point. • Hybrid Inventory: Unique mix of Interior - Corridors (for Engineers/Managers) and Exterior Corridors (for Field Crews) allows for 100% workforce capture. • Strategic Location: Direct access to I-77 and US-36, the primary arteries for energy logistics fleets. • No "New Supply" Risk: High construction costs prevent any new competition from entering the market at a comparable price point. The Super 8 Newcomerstown represents a rare opportunity to acquire cash-flowing real estate at a fraction of replacement cost, perfectly timed for the 2026 Energy Boom.

FOR SALE DETAILS

PRICE

$1,302,000 USD

PRICE/SF

$37 USD /SF

# OF ROOMS

62

PRICE/ROOM

$21,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Gateway to the Utica Shale

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1985

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.14 AC

LAND SF

93,218 SF

ZONING

Commercial

APN/PARCEL ID

4502516001

ASK ABOUT THIS PROPERTY

Priyanshu AdathakkarRed One RealtyMore Info
614-450-2510

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Priyanshu AdathakkarRed One RealtyMore Info
614-450-2510

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