495 Eisenhower Blvd, Harrisburg, PA 17111-2302
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.
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Econo Lodge Harrisburg - Southwest Of Hershey Area Hotel & Motel
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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