12-Unit Hotel With Restaurant
222 Route 590, Greeley, PA 18425
For Sale
$995,000
Pending
Hotel property with a detached dwelling, liquor license, and additional space for restaurant or short-term rental use.
Property Size8,689 SF
Days on Market151
Property Features for 222 Route 590
General Information
Standard status
Size
Additional Details
Business Included
Taxes and HOA fees
Annual Taxes
Building Details
Abandoned
Listing Agency:
Wallenpaupack Realty
(570) 226-6300
Listed By:
Alicia Kowalik · License #RS318974
(570) 470-5076
Source:
Exprealty
Added: Jun 12
Changed: Oct 25
Last Checked: Nov 8 at 7:08AM
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 Wallenpaupack Realty
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Investment Insights
Based on property information with market context.
This hotel property is currently operated as an inn and includes 12 units. The layout also provides space for a bar and restaurant or short-term rental accommodations, supporting several hospitality configurations. A hotel liquor license is included, along with equipment conveyed as part of the sale.
The property includes level, usable land and a detached dwelling that can serve as an owner’s residence or an additional rental. Additional improvements include a detached two-car garage, while a boat is also included. Located at 222 Route 590 in Greeley, PA, the offering combines lodging accommodations with separate residential and supporting improvements.
The property includes level, usable land and a detached dwelling that can serve as an owner’s residence or an additional rental. Additional improvements include a detached two-car garage, while a boat is also included. Located at 222 Route 590 in Greeley, PA, the offering combines lodging accommodations with separate residential and supporting improvements.
Key Highlights
- 12‑unit hotel currently operated as an inn
- Space for a bar and restaurant or short‑term rental accommodations
- Hotel liquor license included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,623
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,052,460
$1.1M
Cap Rate 7%
$751,757
$751.8K
Cap Rate 9%
$584,700
$584.7K
Market Conditions
NOI Build-Up for 8,689 SF
Gross rent
$130.3K $15.00/SF
− Vacancy
−$19.6K −$2.25/SF
EGI
$110.8K $12.75/SF
− OpEx
−$58.2K −$6.69/SF
NOI
$52.6K $6.06/SF
Area
Pike 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%
$1,052,460
Cap Rate 7%
$751,757
Cap Rate 9%
$584,700
Alternative Uses
Best Use
Specialty Retail
$1.49M
$1.30M – $1.74M
NOI $104,161 @ 7.0% cap · market cap 10.47%
Second Best
Hotel Hospitality
$751.8K
$657.8K – $877.1K
NOI $52,623 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$2.12M
$1.86M – $2.47M
NOI $148,428 @ 7.0% cap · market cap 14.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Explore this area
Business Placement
Demographics for 18425, PA
1,263
Population
587
Households
2.2
Avg Household Size
49
Median Age
12%
College-Educated
92%
High-School Grad
23.3 sq mi
ZIP Area
54
Density / Sq Mi
$69,107
Median Household Income
$39,111
Median Earnings
$996
Median Rent
$194,100
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Hotel - Hotel property with a detached dwelling, liquor license, and additional space for restaurant or short-term rental use.
Where is this hotel located?
The property is located at 222 Route 590 Greeley, PA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 12‑unit hotel currently operated as an inn; Space for a bar and restaurant or short‑term rental accommodations; Hotel liquor license included
