16 Marsanna LnJonestown, PA 17038

Property Details for 16 Marsanna Ln

Year built

1980

Lot size

3.93 AC

Property size (Sq ft)

26,057 SF

Property type

Hotels

Property subtype

Motels

APN

33-2310622-408725-0000

APU

3323106224087250000

Description

This exceptional 52-key SureStay Plus by Best Western hotel presents a lucrative investment opportunity in Jonestown, Pennsylvania. Boasting 26,057 square feet across three floors, this 1980-built property underwent renovations in 2019. The hotel features an outdoor pool, fitness center, lobby workstation, and breakfast area, catering to a diverse clientele. A three-bedroom staff house on-site offers potential cost savings for the new owner. Its strategic location off Interstate 81 ensures high visibility and accessibility, benefiting from proximity to major demand generators. These include Fort Indiantown Gap, Hersheypark, and Hollywood Casino at Penn National Racecourse. The property's location offers easy access to Interstates 78 and 76, placing it within driving distance of major metropolitan areas like Philadelphia, Baltimore, Washington D.C., and New York City. The asking price is $4,400,000, translating to $168.86 per square foot. The 3.93-acre lot is zoned R-2. This fee-simple, non-union, and unencumbered property presents significant upside potential for revenue per available room (RevPAR) growth and strong cash flow generation. The property is less than 13 miles from Hersheypark and 2.5 miles from Fort Indiantown Gap, ensuring consistent occupancy. Harrisburg International Airport, offering flights to 17 cities, is conveniently located 21 miles away. This presents a rare opportunity to acquire a well-maintained, strategically positioned hotel with significant growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $4,568,206

  6.5%

  $4,216,806

  7%

  $3,915,605

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,695,390

  Geo Method

  $3,852,228

• Alternative Use

  Use

  Valuation

  Residential

  $4,603,526

  Hospitality

  $4,216,806

  Educational

  $3,508,332

  Medical

  $3,628,990

  Retail

  $5,457,406

Location Insight

City

Jonestown

County

Lebanon

State

Pennsylvania

Latitude

40.4489

Longitude

-76.5204

CBSA code

30140

CBSA name

LEBANON, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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