2700 Wilson RdHermitage, PA 16148

Property Details for 2700 Wilson Rd

Lot size

9.56 AC

Property type

Commercial real estate

APN

27 184 008 002

APU

27184008002

Description

This fee-simple, 60-key Red Roof Inn & Suites in Hermitage, PA, presents a compelling investment opportunity. The two-story, 31,460 square foot hotel, built in 1989, sits on a 9.56-acre lot zoned for commercial use, offering significant redevelopment potential. Its strategic location along Route 18, less than a mile from Interstates 80 and 376, provides convenient access for travelers. The hotel benefits from proximity to a new FedEx distribution center, numerous healthcare facilities (Sharon Regional Medical Center, The Primary Health Network, and UPMC Horizon – Shenango Valley), and recreational attractions including wineries, breweries, Senango River Lake, and highly-rated golf courses. Demand is driven by both leisure and business travelers, further enhanced by its location midway between New York City and Chicago, and convenient access to four major airports (Cleveland Hopkins International, Akron-Canton, Pittsburgh International, and Erie International). The property is unencumbered by management or debt, and seller financing is available. The lack of new hotel supply in the submarket and the potential for increased cash flow and RevPAR through improved management contribute to its strong investment prospects. The current out-of-state ownership presents an opportunity for a hands-on owner/operator to maximize operational efficiency and revenue.

• Alternative Use

  Use

  Valuation

  Residential

  $90,620,696

  Hospitality

  $83,008,072

  Educational

  $69,061,744

  Medical

  $71,436,880

  Retail

  $107,429,376

Location Insight

City

Hermitage

County

Mercer

State

Pennsylvania

Latitude

41.189

Longitude

-80.4583

CBSA code

49660

CBSA name

YOUNGSTOWN-WARREN-BOARDMAN, OH-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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