Building Details

Year Built 1950

Buildings 3

Stories 1

Units 10

Tenancy Multi

Listing Agency: Landmark Commercial Realty

Listed By: Bogumila 'Bo' Mangam · License #PA

Source: Crexi

Added: Nov 12, 2020 Changed: Oct 8 Last Checked: Oct 19 at 6:03AM

Report an Issue

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 Landmark Commercial Realty

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Key Highlights

• Prime location on Route 22 in Grantville, PA, suitable for hospitality, retail, or multi‑tenant development.
• Commercial Highway Zoning allows hotels, restaurants, and vehicle‑related businesses.
• 1.57‑acre lot with additional land for potential development to increase value.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,096

Cap Rate

5.02%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$601,920 $601.9K

Cap Rate 7%

$429,943 $429.9K

Cap Rate 9%

$334,400 $334.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,000 SF

Gross rent

$72.0K $18.00/SF

− Vacancy

−$8.6K −$2.16/SF

EGI

$63.4K $15.84/SF

− OpEx

−$33.3K −$8.32/SF

NOI

$30.1K $7.52/SF

Area

Dauphin County, PA

Vacancy

12.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

52.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$601,920

Cap Rate 7%

$429,943

Cap Rate 9%

$334,400

Alternative Uses

Best Use

Hotel Hospitality

$429.9K

$376.2K – $501.6K (±1% cap)

NOI $30,096 @ 7.0% cap · market cap 5.02%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$7.37M

$6.45M – $8.60M (±1% cap)

NOI $515,700 @ 7.0% cap · market cap 86.09%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Motels

Suggested Use

Top Pick Building Supply Real Estate Agency Big Box & Wholesale Store Electrical Service Garden Center Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

113

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 17028, PA

3,448

Population

1,363

Households

2.5

Avg Household Size

45

Median Age

20%

College-Educated

96%

High-School Grad

27.4 sq mi

ZIP Area

126

Density / Sq Mi

$66,754

Median Household Income

$38,068

Median Earnings

$1,026

Median Rent

$261,700

Median Home Value

Similar Off Market Nearby

• Mainstay Suites Grantville - Hershey North — 105 Kelley Ct, Grantville, PA 17028
• Hampton Inn Harrisburg/Grantville/Hershey — 255 Bow Creek Rd, Grantville, PA 17028
• Tru by Hilton Grantville — 248 Bow Creek Rd, Grantville, PA 17028
• Red Umbrella Bed and Breakfast — 9866 Jonestown Rd, Grantville, PA 17028
• Cottage Inn & Self Storage — 10200 Allentown Blvd, Grantville, PA 17028

Frequently Asked Questions

Where is this motel located?

The property is located at 9969 Allentown Blvd Grantville, PA.

What is the asking price?

The asking price for this property is $599,000.

What are key features of this property?

This property features: Prime location on Route 22 in Grantville, PA, suitable for hospitality, retail, or multi‑tenant development.; Commercial Highway Zoning allows hotels, restaurants, and vehicle‑related businesses.; 1.57‑acre lot with additional land for potential development to increase value.