3107 W Lake Rd - Hospitality FOR SALE


Erie, PA 16505- West Suburban Erie
$1,100,000 USD
3107 W Lake Rd, Erie, PA for Sale
$1,100,000 USD
Hospitality - FOR SALE
1/35
null | 14% Cap Rate

3107 W Lake Rd
Erie, PA 16505
West Suburban Erie


HIGHLIGHTS

  • Across from local amusement park
  • High traffic area
  • Walking distance to restaurants and convenience stores

OVERVIEW

One member of one of the owning entities is a licensed PA Realtor

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$100 USD /SF

# OF ROOMS

27

PRICE/ROOM

$40,741 {currency}

CAP RATE

14%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Riviera Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1950

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

R-C

APN/PARCEL ID

33-016-065.0-008.00

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Brandon PennRE/MAX - Lakeland RealtyMore Info

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