70 Maddex Square Dr - Hospitality FOR SALE


Shepherdstown, WV 25443
$3,700,000 USD
443-745-4018
70 Maddex Square Dr, Shepherdstown, WV for Sale
$3,700,000 USD
Hospitality - FOR SALE
1/17
null | Request Cap Rate

70 Maddex Square Dr
Shepherdstown, WV 25443


HIGHLIGHTS

  • Fully Renovated in 2024 to exceed Choice Hotels’ Property Improvement Plan (PIP) standards, offering fresh interiors and upgraded amenities
  • Prime Location Near Shepherd University
  • Includes a mix of standard rooms and suites, all accessible via elevator and designed for comfort and convenience.
  • Equipped with ADA accessible rooms and roll-in showers to meet diverse guest needs.
  • One of the few franchised hotels in the area, especially after the nearby Clarion Hotel was converted to multifamily housing.
  • Sits on 3.5 acres with ample parking (2.95 spaces per 1,000 SF), ideal for guests and event overflow.

OVERVIEW

Welcome to 70 Maddex Square Drive, a fully renovated 51-room Quality Inn & Suites located in the heart of Shepherdstown, West Virginia. This three-story hospitality property, built in 2003 and extensively renovated in 2024, offers a rare chance to own a turnkey hotel in a high-demand market with limited franchised lodging options. Strategically located near Shepherd University, the hotel benefits from consistent demand driven by university events, tourism, and local attractions. With the recent conversion of a nearby 168-room Clarion Hotel into multifamily housing, this property fills a critical gap in the market, positioning it for strong occupancy and premium ADRs (average daily rates).

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$163 USD /SF

# OF ROOMS

51

PRICE/ROOM

$72,549 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quality Inn Shepherdstown

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2000

PARKING SPACES

67

LAND DETAILS

LAND ACRES

1.75 AC

LAND SF

76,230 SF

ZONING

R/LI/C

APN/PARCEL ID

09-8-00150008

ASK ABOUT THIS PROPERTY

Vinit ModyMTEL ConsultantsMore Info
443-745-4018

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Vinit ModyMTEL ConsultantsMore Info
443-745-4018

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