8040 Perry Hwy
- - 12,000 SF building with 92 units
- - Ideal for select service hospitality
- - Built in 1983 for solid construction
- - Renovated in 2023
- - Zoned AR for versatile usage
- - Attractive "Fee Simple" ownership option
Property Description
PLEASE DO NOT VISIT OR CONTACT THE STAFF, MANAGEMENT OR OWNERSHIP OF THE PROPERTY DIRECTLY. KINDLY CONDUCT ALL INQUIRIES THROUGH OUR OFFICE. THANK YOU IN ADVANCE FOR YOUR UNDERSTANDING AND COOPERATION!! Presenting an exceptional investment opportunity at 1234 Perry Hwy, Erie, PA. This 12,000 SF property, boasting 92 units, is a 'Fee Simple' gem, sure to captivate the astute investor. Whether as a standalone venture or part of a comprehensive package with the adjacent Quality Inn, this property promises a lucrative return on investment. Established in 1983 and zoned AR, this property provides a robust platform for a select-service hotel or hospitality venture. Its strategic position in the thriving Erie area offers a unique chance for expansion and triumph in the hospitality industry. Uncover this property's untapped potential and leave your mark in the flourishing Erie market. The comprehensive Package could include: - Super 8 (adjacent to Quality Inn) - Quality Inn (includes banquet hall, bar, and restaurant) - Land (6- acre behind the Super 8) Additional revenue opportunities are available when purchased with the Quality Inn, which includes a banquet hall, bar, and restaurant. - monthly 2 to 3 events (200 people) - 2022: $400k - 2023: $400k - Price $100k The adjacent 6-acre land, located behind the EL, can be included with the package. It is an ideal opportunity to develop into a water park or other tourist retail center and/or many other development opportunities for additional income and/or income potential.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Hospitality |
| Price: | $1,999,000 |
| No. of Units: | 92 |
| Year Built: | 1983 |
| Lot Size: | 1.63 Acres |
| Opportunity Zone: | No |
| Price per unit: | $21,728 |
| Property Website | Click Here |
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