107 Vip Dr Wexford, PA 15090-7913
- Motels
- 1.08 lot acres
Current Use by Public Records
- Motels
Property Details for 107 Vip Dr
- Lot size
- 1.08 lot acres
- Property type
- Motels
- APN
- 1346-B-6
- APU
- 1346B6
Description
Exceptional redevelopment opportunity in Wexford, PA, presents the former Wexford Inn & Suites. This bank-owned foreclosure offers a two-story, 9,798 square-foot hotel building featuring 45 keys on a 1.08-acre lot. Built in 1988, the property enjoys a highly visible location at the I-79 interchange at Exit 73-Wexford and SR 910/Wexford Bayne Rd, providing excellent exposure to significant traffic volume. Its proximity to the Wexford retail corridor and Cranberry Township amenities ensures convenient access to a substantial customer base. The property is zoned PORBP (Planned Office, Research, and Business Park District), allowing for diverse uses including financial institutions, offices, retail spaces, restaurants, and personal service establishments. This versatile property presents a unique chance for hotel renovation or repurposing into office, retail, or other permitted uses. The site includes 150 surface parking spaces. The fee simple ownership provides complete control and potential for significant return on investment. Located 15.8 miles north of Downtown Pittsburgh, this property offers a compelling blend of location, size, and zoning flexibility.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $650,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $730,000
- 6.5%
- $685,000
- 7%
- $825,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $865,000
- Geo Method
- $745,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $830,000
- Retail
- $855,000
- Mixed-Use
- $785,000
- Hospitality
- $895,000
- Educational
- $840,000
- Residential Income
- $740,000
- Energy
- $720,000
- Income-Based Land
- $720,000
- Food Service
- $865,000
Location Insight
- Map
- Local Demand
- City
- Wexford
- County
- Allegheny
- State
- Pennsylvania
- Longitude
- -80.0942
- Latitude
- 40.6176
- CBSA code
- 38300
- CBSA name
- PITTSBURGH, PA METROPOLITAN STATISTICAL AREA