975 Sheffield St - Hospitality FOR SALE


Washington, PA 15301
$11,670,000 USD
975 Sheffield St, Washington, PA for Sale
$11,670,000 USD
Hospitality - FOR SALE
1/56
null | 8% Cap Rate

975 Sheffield St
Washington, PA 15301


HIGHLIGHTS

  • 120 Sleeping Rooms (64 Studio Queens, 56 Studio Doubles)
  • Fully-equipped kitchens
  • New Exterior Signage Installed in 2024
  • Attractive, Well-Maintained Property
  • Produces Healthy EBITDA, Ranks Highly Among its STR Competitive Set
  • Excellent Interstate Visibility, 30,000 VPD

OVERVIEW

This award-winning Suburban Studios extended-stay hotel is a very strong performer in Washington, PA (Pittsburgh MSA). The hotel generates strong revenue, produces healthy EBITDA, and ranks highly among its STR competitive set. The attractive, well-maintained property is a strategic opportunity for hospitality operators and investors.

FOR SALE DETAILS

PRICE

$11,670,000 USD

PRICE/SF

$209 USD /SF

# OF ROOMS

120

PRICE/ROOM

$97,250 {currency}

CAP RATE

8%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Award Winning Suburban Studios Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

2015

PARKING SPACES

122

LAND DETAILS

LAND ACRES

2.07 AC

LAND SF

90,169 SF

ZONING

Commercial

APN/PARCEL ID

1200110807000100

ASK ABOUT THIS PROPERTY

Mark Nesselroad, Esq, MBABlack Diamond RealtyMore Info

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Mark Nesselroad, Esq, MBABlack Diamond RealtyMore Info

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