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18803527
18806520

9969 Allentown Blvd, Grantville, PA 17028

Landmark Commercial Realty
Listed by Landmark Commercial Realty
$599,000
2031 days on market
Updated 25 days ago

9969 Allentown Blvd

Details
APN 25-011-027 & (001)
Property Type Retail, Hospitality (+1)
Sub Type Restaurant, Hotel
Square Footage 4,000
Units 10
NOI $69,652
Tenancy Multi
Pro-Forma Cap Rate 11.40%
Price per SqFt $150
Year Built 1950
Buildings 3
Stories 1
Acreage 1.570
Zoning Commercial Highway

Retail | 4,000 SqFt

Marketing description

Excellent location along Route 22 in Grantville, Pennsylvania, offering a prime opportunity for investment in a fresh hospitality, retail, or multi-tenant development. The 1.57-acre lot also includes additional land that can be earmarked for potential development. The Commercial Highway Zoning permits the establishment of hotels, restaurants, and vehicle-related businesses such as car rental or sales. The property currently is in use as an 8-unit extended stay weekly rental motel, which is often fully occupied, and it includes two mobile homes that generate income. Development of the lands above will increase value substantially. This property is conveniently situated just a mile from the bustling Hollywood Casino and Racetrack, making this an ideal location for a hotel/restaurant redevelopment opportunity. Hollywood Casino and Racetrack offers an array of restaurants, live entertainment, slots, poker, and various table games and employs over 3,000 people annually.

Investment highlights

  • Current operating as an 8-unit weekly extended stay motel with two mobile homes generating consistent income flow
  • Surplus land can be available for redevelopment, ideal for hotel and/or restaurant site
  • Close proximity to

Listing Contacts

Landmark Commercial Realty
Listed by Landmark Commercial Realty

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$69,652.25
$5,804.35/mo

Valuation Metrics

0
DSCR
11.63%
Cap Rate
11.63%
ROI

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