Hospitality Property with Restaurant and
For Sale
$1,200,000
1535 Port Matilda Hwy, Philipsburg, PA 16866
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$95.48
Days on Market98
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
Listed By:
Wanda Ryen · License #RM421989
(814) 577-2334
Source:
Lgagne
Added: Jul 20
Changed: Oct 9
Last Checked: Oct 7 at 5:13PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,115
Cap Rate
6.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,522,300
$1.5M
Cap Rate 7%
$1,087,357
$1.1M
Cap Rate 9%
$845,722
$845.7K
Market Conditions
NOI Build-Up for 12,568 SF
Gross rent
$188.5K $15.00/SF
− Vacancy
−$28.3K −$2.25/SF
EGI
$160.2K $12.75/SF
− OpEx
−$84.1K −$6.69/SF
NOI
$76.1K $6.06/SF
Area
Centre County, PA
Vacancy
15.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,522,300
Cap Rate 7%
$1,087,357
Cap Rate 9%
$845,722
Alternative Uses
Best Use
Hotel Hospitality
$1.09M
$951.4K – $1.27M
NOI $76,115 @ 7.0% cap · market cap 6.34%
Second Best
Specialty Retail
$1.04M
$909.3K – $1.21M
NOI $72,740 @ 7.0% cap · market cap 6.06%
Theoretical Best
Office A
$2.78M
$2.43M – $3.24M
NOI $194,299 @ 7.0% cap · market cap 16.19%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
142
Businesses Nearby
918
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Uni-Mart
Shops & Services
918 visits/mo
0.1 miles
Demographics for 16866, PA
9,850
Population
4,083
Households
2.4
Avg Household Size
45
Median Age
17%
College-Educated
86%
High-School Grad
157.1 sq mi
ZIP Area
63
Density / Sq Mi
$48,580
Median Household Income
$37,463
Median Earnings
$681
Median Rent
$136,900
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
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 $1,200,000.
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
