9969 Allentown Blvd Ft Fort Indiantown Gap, PA 17028
- Retail properties
- 4,000 SF
- 1.57 lot acres
Current Use by Public Records
- Retail properties
Property Details for 9969 Allentown Blvd Ft
- Year built
- 1950
- Lot size
- 1.57 lot acres
- Property size
- 4,000 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity encompasses a 4,000 square foot hospitality complex situated on a 1.57-acre lot in Grantville, Pennsylvania, at 9969 Allentown Blvd (APN: 25-011-027 & (001)). Currently operating as an eight-unit extended-stay motel with two additional income-generating mobile homes, this property presents significant upside potential. The property boasts three buildings, all single-story, built in 1950, and features ten units in total. The asking price is $599,000, representing a price per square foot of $149.75 and a pro-forma cap rate of 11.40%, with a current NOI of $69,652.25. The Commercial Highway zoning allows for hotels, restaurants, and vehicle-related businesses. Its strategic location, just one mile from the Hollywood Casino and Racetrack, provides unparalleled access to a large workforce and significant tourism traffic. The substantial surplus land offers considerable potential for expansion or redevelopment, further enhancing the property's value. This property is a rare combination of immediate income generation and significant future development potential, making it an attractive investment for discerning buyers.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fort Indiantown Gap
- County
- Dauphin
- State
- Pennsylvania
- Longitude
- -76.6474
- Latitude
- 40.3734
