For Sale
$599,000

9969 Allentown Blvd Ft Fort Indiantown Gap, PA 17028

Prime Route 22 location, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity encompasses a 4,000 square foot hospitality complex situated on a 1.57-acre lot in Grantville, Pennsylvania, at 9969 Allentown Blvd (APN: 25-011-027 & (001)). Currently operating as an eight-unit extended-stay motel with two additional income-generating mobile homes, this property presents significant upside potential. The property boasts three buildings, all single-story, built in 1950, and features ten units in total. The asking price is $599,000, representing a price per square foot of $149.75 and a pro-forma cap rate of 11.40%, with a current NOI of $69,652.25. The Commercial Highway zoning allows for hotels, restaurants, and vehicle-related businesses. Its strategic location, just one mile from the Hollywood Casino and Racetrack, provides unparalleled access to a large workforce and significant tourism traffic. The substantial surplus land offers considerable potential for expansion or redevelopment, further enhancing the property's value. This property is a rare combination of immediate income generation and significant future development potential, making it an attractive investment for discerning buyers.

Highlights

  • 8-unit extended-stay motel plus 2 mobile homes generating consistent income.
  • 1.57-acre lot with surplus land for redevelopment as hotel or restaurant.
  • Prime location near Hollywood Casino & Racetrack.

Property Details for 9969 Allentown Blvd Ft

Property type
Retail properties, Restaurants
Square Feet
4,000 SF
Year Built
1950
Buildings
3
Stories
1
Lot Size (sq. ft)
68,389 SF
Units
10

Location Insight

City
Fort Indiantown Gap
County
Dauphin
State
Pennsylvania
Latitude
40.373403847037
Longitude
-76.647409340364

FAQs

What type of property is this?
Retail property - Prime Route 22 location, high ROI.
Where is the retail property located?
The property is located at 9969 Allentown Blvd Ft Fort Indiantown Gap, PA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 8-unit extended-stay motel plus 2 mobile homes generating consistent income.; 1.57-acre lot with surplus land for redevelopment as hotel or restaurant.; Prime location near Hollywood Casino & Racetrack.
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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9969 Allentown Blvd Ft
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