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    FOR SALE
    Motels

    9969 Allentown Blvd, Grantville, PA 17028

    4,000 SF Built 1950
    Property ID
    US73-0194674
    Property summary
    AI-generated overview

    Excellent location along Route 22 in Grantville, Pennsylvania, offering a prime opportunity for investment in a fresh hospitality, retail, or multi-tenant development. The 1.57-acre lot also includes additional land that can be earmarked for potential development. The Commercial Highway Zoning permits the establishment of hotels, restaurants, and vehicle-related businesses such as car rental or sales. The property currently is in use as an 8-unit extended stay weekly rental motel, which is often fully occupied, and it includes two mobile homes that generate income. Development of the lands above will increase value substantially. This property is conveniently situated just a mile from the bustling Hollywood Casino and Racetrack, making this an ideal location for a hotel/restaurant redevelopment opportunity. Hollywood Casino and Racetrack offers an array of restaurants, live entertainment, slots, poker, and various table games and employs over 3,000 people annually.

    Property profile
    Verified
    Property type Motels
    Year built 1950
    Total area 4,000 SF
    UPID US73-0194674
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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