Turn-Key 15 Unit Motel & 2 Bedroom | 1 Bath Residence Near Lake Erie

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Asking Price:
$299,000

Gross Revenue:
$111,666
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed
included in asking price

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Business Description

Highly regarded 15 unit motel & private residence near Lake Erie for sale. Currently operating as The SunSet Motel. Immaculately maintained! Located in a major fishing tourism area near Lake Erie - just 1 mile from Exit 3 on I-90 & including highway visibility. The 5,208 ± SF motel includes 15 turn-key units. All units feature refrigerator, microwave, coffee pot, flat screen TV, free WiFi & A/C. Situated on 16 acres with abundant parking including on site boat storage & a fish cleaning station to accommodate fishing tourism. Separate 1,276 ± SF - 2 bed, 2 bath residence & attached office with half bath included in package. Package also includes a 2,304 ± SF pole barn with overhead door & electric - offering potential for events or owner hobbies. Situated on 16 acres with frontage along I-90 offering excellent visibility and abundant parking for both cars and boats. The property is located just 1.1 miles from Exit 3 on I-90. Daily room rates range from $41.00 to $91.00 depending on season. Gross operating income (2018): $111,666. Detailed information available with signed non-disclosure agreement (attached). Contact broker for additional information or to schedule a tour.

Digitally signable NDA:
https://secure.na1.echosign.com/public/esignWidget?wid=CBFCIBAA3AAABLblqZhDUcbGRWrbw0KjwW4lH821501q-UmxyJPaQzf03Ju5kcLOGCm2X2Yyn_HlLzL3oOFU*

About the Business

Location:
West Springfield, Pennsylvania
Year Established:
2005
Real Estate:
Owned
Building Sq. Ft.:
9,222
Facilities:
Fully equipped, clean & well maintained 15 unit motel with separate 2 bedroom / 2 bathroom private residence, motel office and out buildings situated on a large lot with highway frontage.
Website:
www.sunsetmotelpa.com/
Market Outlook/
Competition:
* LOCATION – Visible from major highway & close to exit. Just 1.1 miles from highway exit (I-90 Exit 3).
* FISHING TOURISM – Located in a high fish tourism area near Lake Erie with 3 seasons of fishing tourism: springtime – small mouth bass, summertime – perch & walleye and fall – steelhead. Other popular game fish include northern pike and muskellunge.
* PET FRIENDLY – 10 of the 15 units are currently designated as pet friendly
Growth & Expansion:
Potential for growth by developing online booking - currently no online booking.
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About the Sale

Reason For Selling:
Owners retiring
Training/Support:
Owner training available.

Listing Info

ID:
1606788
Ad Detail Views:
0

Attached Files Attachment Disclaimer

  NDA - 15 Unit Motel (84 KB)
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Business Listed by

Sherry Bauer

SBRE
License# RM422666

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