For Sale
$2,400,000

100 Confidential Ln Cornwall, PA 17042

Profitable Hotel, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
135
This three-story, 11,326 square foot hotel in Lebanon, PA, presents a compelling investment opportunity. Built in 1965 and situated on a 0.25-acre lot in the Central Business District (CBD), this property boasts a 97% occupancy rate and offers significant potential for return. The sale includes both the real estate and the established business, which has an appraised value of approximately $1 million. Conveniently located near numerous shops and restaurants, the hotel also benefits from public parking across the street. The property's zoning designation is CBD, offering flexibility for future development or expansion. With a total asking price of $2,400,000 ($211.90 per square foot), this hotel represents a strong investment in a thriving Pennsylvania market. The property's address is 100 Confidential Lane, Lebanon, PA 17042, APN 02-2337436-368895-0000.

Highlights

  • $2,400,000 asking price for this institutional investment opportunity.
  • 11,326 square foot hotel in a prime CBD location.
  • 97% occupancy rate.
  • Built in 1965, this three-story hotel sits on a 0.25-acre lot.
  • Includes both real estate and business; business appraised at approximately $1M.
  • Broker co-op available.

Property Details for 100 Confidential Ln

Property type
Hospitality properties, Hotels
Square Feet
11,326 SF
Year Built
1965
Stories
3
Lot Size (sq. ft)
10,890 SF

Location Insight

City
Cornwall
County
Lebanon
State
Pennsylvania
Latitude
40.338493465699
Longitude
-76.426400900807

FAQs

What type of property is this?
Hospitality property - Profitable Hotel, Prime Location
Where is the hospitality property located?
The property is located at 100 Confidential Ln Cornwall, PA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: $2,400,000 asking price for this institutional investment opportunity.; 11,326 square foot hotel in a prime CBD location.; 97% occupancy rate.
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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100 Confidential Ln
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