81-Room
For Sale
$7,950,000
134 Walter Drive, Lewisburg, PA 17837
The three-story hotel was built in 2004 and is slated for a long-term Choice Hotels relicense after PIP completion.
Property Size36,924 SF
Days on Market9
Property Features for 134 Walter Drive
General Information
Standard status
Active
Size
36,924 SF
Property subtype
Hotel-Motel
Amenities
2004 Construction Original Developer
Priced to Sell at 3.4 Times RRM Minimal PIP Upon Transfer
$79 RevPAR $2.35M Room Revenues
One Hour from State College and Harrisburg, PA
Building Details
Building Size
36,924 SF
Year Built
2004
Listed By:
Alex Duong · License #License(s): OH: SAL.2012000783, PA: RS322576
(216) 264-2061
Source:
Marcusmillichap
Added: Sep 30
Last Checked: Oct 7 at 8:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Alex Duong
Investment Insights
Based on property information with market context.
Built in 2004, this three-story hotel contains 81 rooms and was developed for hotel use. The original developer has owned and operated the property since it opened. The sale is structured as a fee-simple transfer, without debt or management in place at closing.
The hotel is at 134 Walter Drive in Lewisburg, Pennsylvania. A long-term Choice Hotels relicense is planned following completion of PIP work.
The hotel is at 134 Walter Drive in Lewisburg, Pennsylvania. A long-term Choice Hotels relicense is planned following completion of PIP work.
Key Highlights
- 81 rooms across three stories
- Constructed in 2004
- Fee‑simple transfer without debt or management in place
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
564
Businesses Nearby
Explore this area
Business Placement
Demographics for 17837, PA
18,734
Population
6,767
Households
2.8
Avg Household Size
35
Median Age
41%
College-Educated
90%
High-School Grad
56.2 sq mi
ZIP Area
333
Density / Sq Mi
$80,488
Median Household Income
$26,510
Median Earnings
$959
Median Rent
$262,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Hotel - The three-story hotel was built in 2004 and is slated for a long-term Choice Hotels relicense after PIP completion.
Where is this hotel located?
The property is located at 134 Walter Drive Lewisburg, PA.
What is the asking price?
The asking price for this property is $7,950,000.
What are key features of this property?
This property features: 81 rooms across three stories; Constructed in 2004; Fee‑simple transfer without debt or management in place
