16 Marsanna LnJonestown, PA 17038

  • Hospitality properties
  • 26,057 SF
For Sale
$4,400,000 View listing

Property Details for 16 Marsanna Ln

Year built
1980
Lot size
3.93 AC
Property size (Sq ft)
26,057 SF
Property type
Hospitality properties
Property subtype
Hotels
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
16 Marsanna Ln, Jonestown, Pennsylvania

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$58,243
$473,300
$2,526,700
$3,000,000
-
$485,934
$2,594,147
$3,080,081

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