For Sale
$2,800,000

929 Sheraton Dr Mars, PA 16046

67-Key Hotel, Renovated 2024, High Visibility

Overview

Added:
Dec 11, 2024
Days on market:
135
This three-story, 67-key hotel in Mars, Pennsylvania, presents a compelling investment opportunity. Boasting 26,838 square feet on a 1.88-acre lot, the property enjoys excellent highway visibility and is conveniently located near the Cranberry Shopping Center, just 18 miles from Pittsburgh. Built in 1996 and extensively renovated in 2024, the hotel features attractive amenities including whirlpool suites and a two-room owner's living quarters. The property's prime location, coupled with its recent renovations and the potential for further enhancements, makes it an ideal acquisition for investors seeking a foothold in the thriving hospitality sector. The asking price is $2,800,000, translating to $104.33 per square foot. The single building sits on a sizable lot, offering ample space for potential expansion or future development. This turnkey operation is ready for a new owner to capitalize on its established presence and strong location. The hotel's proximity to Pittsburgh and its convenient access to major roadways ensure a steady stream of potential guests.

Highlights

  • $2,800,000 asking price for a 67-key hotel.
  • 26,838 square feet on a 1.88-acre lot.
  • $104.33 price per square foot.
  • Three-story building constructed in 1996, renovated in 2024.
  • Located at 929 Sheraton Dr, Mars, PA 16046, with excellent highway visibility and proximity to Cranberry Shopping Center and Pittsburgh.

Property Details for 929 Sheraton Dr

Property type
Hospitality properties, Hotels
Square Feet
26,838 SF
Year Built/Renovated
1996/2024
Buildings
1
Stories
3
Lot Size (sq. ft)
81,893 SF

Location Insight

City
Mars
County
Allegheny
State
Pennsylvania
Latitude
40.67115587
Longitude
-80.09645806

FAQs

What type of property is this?
Hospitality property - 67-Key Hotel, Renovated 2024, High Visibility
Where is the hospitality property located?
The property is located at 929 Sheraton Dr Mars, PA.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: $2,800,000 asking price for a 67-key hotel.; 26,838 square feet on a 1.88-acre lot.; $104.33 price per square foot.
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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929 Sheraton Dr
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