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Property profile & analytics
OFF-MARKET Estimated value $1,280,000
Hotels

495 Eisenhower Blvd Harrisburg, PA 17111-2302

16,220 SF 0.72 ac lot Built 1987
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US73-1550861
Property summary
AI-generated overview

This 30-key Econo Lodge hotel, located at 495 Eisenhower Blvd, Harrisburg, PA 17111, presents a compelling investment opportunity. Built in 1987 and renovated in 2021, this two-story, 16,200 square foot property sits on a 0.72-acre lot (APN: 63-027-273-000-0000) and is zoned C12. The hotel boasts a prime location, offering easy access to major interstates (76, 83, and 283), connecting it to Baltimore, Philadelphia, and Pittsburgh. Its proximity to Hershey Park (less than a 15-minute drive), a major tourist attraction drawing over 3 million visitors annually, ensures consistent demand. Furthermore, the hotel benefits from its close proximity to the Penn State Health Milton S. Hershey Medical Center, Harrisburg International Airport (4 miles), and the city's numerous attractions, including the Pennsylvania State Capital and the National Civil War Museum. The hotel's strong performance, coupled with its lean operating model, positions it for exceptional cash flow generation. The asking price is $2,100,000 ($129.63/sq ft). This fee-simple, non-union, and unencumbered property offers a significant discount to replacement cost. The hotel's location near downtown Harrisburg and other key demand generators makes it an attractive investment.

Property profile
Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1987
Total area 16,220 SF
Lot 0.72 ac (31,363 SF)
APN 63-027-273
UPID US73-1550861
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Econo Lodge Harrisburg - Southwest Of Hershey Area Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.28M
Owner & transaction history
Kathoria LLC · 9 yrs held
Kathoria LLC
since 2016
2 recorded transactions
2021
Price N/A
2016
$800,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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