61 & 63 Heather Ln

• 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.