Hospitality Property with Restaurant and
1535 Port Matilda Hwy Philipsburg, PA 16866
New
1535 Port Matilda Hwy, Philipsburg, PA, 16866
$1,350,000
For Sale
$1,350,000
A 16-room motel with an on-site restaurant featuring two bars and multiple dining areas, plus ample guest parking.
Property Size12,568 SF
Price / SF$107.42
Days on Market3
Property Features for 1535 Port Matilda Hwy
General Information
- Standard status
- Active
- Size
- 12,568 SF
Building Details
- Year Built
- 1957
Listing agency
Ryen Realty LLC
(814) 343-6371
Listed by
Wanda Ryen
Source
Kandorre
Added: Jul 20 Updated: Jul 21 at 12:32PM Checked: Jul 22 at 4:50AM
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 Ryen Realty LLC
Investment Insights
Based on property information with market context.
The We Are Inn is a hospitality property offering 16 motel rooms, each with a king-size bed, private bath, mini refrigerator, cable TV, WiFi, and an in-room desk and dinette setup. The property also includes a restaurant area with two bars and three distinct dining rooms, with both indoor and outdoor seating options. Guest restroom access includes four restrooms, and staff have a dedicated employee restroom, supporting day-to-day operation for lodging and food service.
The inn sits on a 1.38-acre parcel with ample parking, including 48 spaces at the front and 36 spaces in the rear. The property is conveniently located across from Cold Stream Dam and Park, along the Rails to Trails path, and within minutes of Black Moshannon State Park and Happy Valley.
In addition to lodging and dining, the site includes an on-site ice cream shop.
The inn sits on a 1.38-acre parcel with ample parking, including 48 spaces at the front and 36 spaces in the rear. The property is conveniently located across from Cold Stream Dam and Park, along the Rails to Trails path, and within minutes of Black Moshannon State Park and Happy Valley.
In addition to lodging and dining, the site includes an on-site ice cream shop.
Key Highlights
- 1957‑built 16‑room motel with private baths in each room
- Guest amenities include mini refrigerator, cable TV, WiFi, and a desk with ottoman and roll‑out dinette table
- On‑site restaurant with two bars and three dining rooms, with indoor and outdoor seating
Local Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $188.5k | $15.00 |
| − Vacancy | −$28.3k | −$2.25 |
| EGI | $160.2k | $12.75 |
| − OpEx | −$84.1k | −$6.69 |
| NOI | $76.1k | $6.06 |
12,568 SF · lease $15.00/SF/yr · vacancy 15.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$1.09M
$951.4K – $1.27M
NOI $76,115 @ 7.0% cap · market cap 5.64%
Second Best
Specialty Retail
$1.04M
$909.3K – $1.21M
NOI $72,740 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$2.78M
$2.43M – $3.24M
NOI $194,299 @ 7.0% cap · market cap 14.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
The We Are Inn
Restaurant
Similar Off Market Nearby
- COCO view guest house — No 12, Centra Park, Midigama, Ahangama
FAQs
What type of property is this?
Motel - A 16-room motel with an on-site restaurant featuring two bars and multiple dining areas, plus ample guest parking.
Where is this motel located?
The property is located at 1535 Port Matilda Hwy Philipsburg, PA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 1957‑built 16‑room motel with private baths in each room; Guest amenities include mini refrigerator, cable TV, WiFi, and a desk with ottoman and roll‑out dinette table; On‑site restaurant with two bars and three dining rooms, with indoor and outdoor seating
