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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
    2016
    $800,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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