929 Sheraton Dr, Mars, PA 16046-9431
- Motels
- 1.88 lot acres
Current Use by Public Records
- Motels
Property Details for 929 Sheraton Dr
- Lot size
- 1.88 lot acres
- Property type
- Motels
- APN
- 2372-J-7
- APU
- 2372J7
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 1, 2024 | $2,250,000 | A A A R Mars L L C | Nine 929 Sheraton L L C | Special Warranty Deed | $2.1M · First Western S B L C INC |
| Dec 5, 2023 | $1,200,000 | 929 Sheraton LLC | Citizens Service Corp | Warranty Deed | — |
| Jun 14, 2023 | $2,100,000 | Citizens Service Corporation | Jay Kashumbal INC | Sheriffs Deed · related | — |
Description
This three-story, 67-key hotel in Mars, Pennsylvania, presents a compelling investment opportunity. Boasting 26,838 square feet on a 1.88-acre lot, the property enjoys excellent highway visibility and is conveniently located near the Cranberry Shopping Center, just 18 miles from Pittsburgh. Built in 1996 and extensively renovated in 2024, the hotel features attractive amenities including whirlpool suites and a two-room owner's living quarters. The property's prime location, coupled with its recent renovations and the potential for further enhancements, makes it an ideal acquisition for investors seeking a foothold in the thriving hospitality sector. The asking price is $2,800,000, translating to $104.33 per square foot. The single building sits on a sizable lot, offering ample space for potential expansion or future development. This turnkey operation is ready for a new owner to capitalize on its established presence and strong location. The hotel's proximity to Pittsburgh and its convenient access to major roadways ensure a steady stream of potential guests.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,250,000
- ML approach
- $2,250,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Mars
- County
- Allegheny
- State
- Pennsylvania
- Longitude
- -80.0958
- Latitude
- 40.6712
- CBSA code
- 38300
- CBSA name
- PITTSBURGH, PA METROPOLITAN STATISTICAL AREA
