Property Listing No Longer Available for Sale

5351 State Route 30, Greensburg, PA

Motel for Sale - $1,550,000 - 36,620 Sq. Ft.


Property Info

CIMLS#796138
Location
  5351 State Route 30
  Greensburg PA 15601
UpdatedMay 2nd, 2017
TypeMotel
Price$1,550,000
Building36,620 Sq. Ft.

Property Description

Rodeway Inn consists of 50 rooms, a larger owners suite (2 Bed / 2 Bath) a conference room and a large restaurant space. Recent capital improvements consist of: new roof, new H2O heater, new WIFI / cable wiring T/O, remodeled bathrooms.

Each room provides cable TV, microwave and refrigerator. Featuring a bath or shower, private bathrooms also come with free toiletries.

At Rodeway Inn Greensburg you will find a 24-hour front desk. Other facilities offered at the property include a vending machine and laundry facilities. The property offers free parking and is pet friendly. Several activities including hiking, fishing and biking can be enjoyed in the surroundings.

The Rodeway Inn is located near numerous restaurants featuring Olive Garden, Ground Round Grill & Bar, LongHorn Steakhouse, Pepperwood Grille and IHOP.

Points of interest nearby include Idlewild, Soakzone, the University of Pittsburgh at Greensburg, the Westmoreland Museum of American Art and the Palace Theatre. Pittsburgh International Airport is 39.8 miles away.

Property has tremendous potential but due to absentee ownership it has not reached its true performance. MOTIVATED SELLER!

Location Description:

The Rodeway Inn - Greensburg is located in Greensburg, Pennsylvania. Greensburg is approx. 34 miles east of Pittsburgh and is the county seat of Westmoreland County, with a population of 14,892 people residing in the city, and a combined total of around 60,000 people in the 15601 zip code. Ideally located along State Route 30 for excellent exposure. The Westmoreland Mall is just 2 minutes' drive away. Located 6 minutes' drive from Seton Hill University.

Highlights:

>> PRICE REDUCED FOR QUICK SALE!

>> "Value-add" opportunity through additional capital improvements and new management.

>> Below market rates and occupancy. Market Rates: March-Sept. - $99/night & Oct.-Feb. - $79/night.

>> Historic sales gross income average = $350k. Currently under-performing.

>> Seller entertaining all reasonable offers.

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Financials