61 & 63 Heather Ln

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Address: 61 & 63 Heather Ln, Perryville, Maryland, US
Created date: May 9, 2024
Date last updated: May 22, 2024
  • Total Building SF: 39,600 SF
  • Parcel #: 07-037031
  • Zoning: C2
  • Total Acres: 8.72
  • Year Built/Renovated: 1989/2023
  • NOI: $1,559,885
  • Cap Rate: 12%
  • Price: $13,000,000 ($328.28/SF)

Property Description

Lee & Associates Charlotte is pleased to present exclusively for sale the 39,600 square foot 100% Master Leased Hotel located at 61 Heather Lane in Perryville, MD. Located along I-95 in northeastern Maryland, the property is in a prime location with Great Wolf Lodge and Hollywood Casino nearby, making this a unique investment. Originally a 104-unit hotel, the building has been transformed into a 206-bed dormitory leased to a single tenant. The national tenant employs a total of 1,200 individuals, with 200 of them residing at the property. Property allows for expansion allowing for the potential construction of more units. Included in this sale is a 3,100-square foot building located at 63 Heather Lane in Perryville, MD. This property brings in an additional income of $34,800.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Hospitality
Price: $13,000,000
No. of Units: 106
Year Built: 1989
Lot Size: 8.74 Sq ft
Opportunity Zone: No
Price per unit: $122,642
Property Website Click Here
Address: 61 & 63 Heather Ln, Perryville, MD 21903, USA
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