For Sale
$2,700,000

2049 Leesburg Grove City Rd Mercer, PA 16137

121-key hotel near outlet mall

Overview

Added:
Dec 11, 2024
Days on market:
137
This 43,743 sq ft, 121-key Quality Inn & Suites is located in Mercer, PA, at 2049 Leesburg Grove City Rd, 16137. Built in 2007 and renovated in 2022, this three-story hotel sits on a 3.46-acre lot and offers a limited-service model with a lobby workstation, fitness center, guest laundry, meeting room, and breakfast area. Its prime location less than a mile from the Grove City Premium Outlets, a major regional attraction drawing over six million visitors annually, ensures high occupancy. Convenient access to Interstates 79 and 80 provides easy access for travelers and truckers. The hotel also benefits from proximity to Grove City College, Slippery Rock University, GE Transportation, Wendell August Forge, and UPMC Horizon Greenville and Farrell Campuses, creating diverse demand sources. Furthermore, its location is within a two-hour drive of four major airports, including Pittsburgh International Airport (43 miles away), currently undergoing a significant expansion. The property is offered fee simple, is non-union, and is unencumbered by management agreements. This presents a significant discount to replacement cost with immediate RevPAR appreciation potential and exceptional cash-flow generation. The property's location near the Ohio-Pennsylvania border further enhances its market reach. This represents a compelling investment opportunity in a thriving location with strong potential for return.

Highlights

  • Fee simple ownership, non-union, and free of management encumbrances.
  • Substantial discount to replacement cost.
  • Significant RevPAR growth potential through market rate adjustments.
  • Efficient, limited-service operation maximizing cash flow.
  • Excellent location near Interstates 79 and 80, with proximity to key demand generators.
  • Approximately 18 miles from the Ohio-Pennsylvania border.

Property Details for 2049 Leesburg Grove City Rd

Property type
Hospitality properties, Hotels
Square Feet
43,743 SF
Year Built/Renovated
2007/2022
Buildings
1
Stories
3
Lot Size (sq. ft)
150,718 SF

Location Insight

City
Mercer
County
Mercer
State
Pennsylvania
Latitude
41.140724
Longitude
-80.1721177

FAQs

What type of property is this?
Hospitality property - 121-key hotel near outlet mall
Where is the hospitality property located?
The property is located at 2049 Leesburg Grove City Rd Mercer, PA.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Fee simple ownership, non-union, and free of management encumbrances.; Substantial discount to replacement cost.; Significant RevPAR growth potential through market rate adjustments.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2049 Leesburg Grove City Rd
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