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    2700 Wilson Rd Hermitage, PA 16148-7046

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    2700 Wilson Rd Hermitage, PA 16148-7046


    • Commercial real estate
    • 9.56 lot acres
    Off-Market
    Last Sale Aug 7, 2020
    $1,300,000
    Property ID
    US73-5184482
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $1,245,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Red Roof Inn & Suites Hermitage / Hotel & Motel

    Property Details for 2700 Wilson Rd

    Lot size
    9.56 lot acres
    Property type
    Commercial real estate
    APN
    27 184 008 002
    APU
    27184008002

    Description

    This fee-simple, 60-key Red Roof Inn & Suites in Hermitage, PA, presents a compelling investment opportunity. The two-story, 31,460 square foot hotel, built in 1989, sits on a 9.56-acre lot zoned for commercial use, offering significant redevelopment potential. Its strategic location along Route 18, less than a mile from Interstates 80 and 376, provides convenient access for travelers. The hotel benefits from proximity to a new FedEx distribution center, numerous healthcare facilities (Sharon Regional Medical Center, The Primary Health Network, and UPMC Horizon – Shenango Valley), and recreational attractions including wineries, breweries, Senango River Lake, and highly-rated golf courses. Demand is driven by both leisure and business travelers, further enhanced by its location midway between New York City and Chicago, and convenient access to four major airports (Cleveland Hopkins International, Akron-Canton, Pittsburgh International, and Erie International). The property is unencumbered by management or debt, and seller financing is available. The lack of new hotel supply in the submarket and the potential for increased cash flow and RevPAR through improved management contribute to its strong investment prospects. The current out-of-state ownership presents an opportunity for a hands-on owner/operator to maximize operational efficiency and revenue.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $1,195,000
      ML approach
      $1,180,000

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Hermitage
    County
    Mercer
    State
    Pennsylvania
    Longitude
    -80.4583
    Latitude
    41.189
    CBSA code
    49660
    CBSA name
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $15,223
    $12,600
    $122,400
    $135,000
    -
    $12,600
    $122,400
    $135,000
    More about this property
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