392 SLATE RUN RD SLATE RUN RD Slate Run, PA 17769
10,700 SqFt
UPDATED:
11/13/2024 01:35 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 10,700 sqft
Price per Sqft $163
MLS Listing ID PALY2001938
Originating Board BRIGHT
Year Built 2004
Annual Tax Amount $13,495
Tax Year 2024
Lot Size 1.860 Acres
Acres 1.86
Property Sub-Type Mixed Use
Property Description
The hotel boasts strong financial performance, evidenced by an average daily rate (ADR) of $36.39, which surpasses the Central PA average of $31.00. With a valuable bar license in place, this property is well-positioned for continued success under new ownership. Spanning 1.86 acres, the property features 10 well-appointed bedrooms and 12 bathrooms. The hotel also offers a spacious dining room with breathtaking panoramic views, creating a memorable experience for guests. A large parking lot on the side and back of the property provides ample space for guests, with convenient access to the stream.
Opportunities for expansion and additional revenue are abundant. The unfinished basement, extending the entire length of the building and measuring approximately 3,974 square feet, offers potential for creating additional recreational spaces, such as a gaming zone,escape room or any type of revenue
generating place. The property is also ideal for hosting weddings, with a high volume of inquiries already being received. Furthermore, the introduction of ancillary services, such as bike, canoe, and boat rentals, or even an ATM and mini-mart, could open new revenue streams. The property also features a full basement and one room with accessibility features, including a ramp, catering to guests with special needs.
Built in 2004, the hotel is constructed with a combination of block, vinyl siding, and some stone accents, all under an asphalt-shingled roof. The building is equipped with modern conveniences, including forced air heating, a propane system, and an outdoor wood furnace.
This hotel represents a unique investment opportunity in a location that draws visitors from around the world, whether for the exceptional fly fishing or the beautiful biking trails. Don't miss out on the chance to own this exceptional property and expand its already successful operations.
Investment Highlights
10 Room Hotel with 1 room having a ramp access and ADA compliant
It has a very large dining room/restaurant with literally 2 kitchens
GBA as discussed : First Floor 3974 sqft Second Floor 2752 sqft (Completely built out floor plan added here) Lower Level/Basement 3974 sqft can be used for added income streams currently not built out.
2 Highly well equipped restaurant kitchens with equipment cost well over 250k
One of the great features to keep heating bills low is the fact they have an outdoor wood furnace and propane forced air heating system.
Lots of opportunity for growth by taking on wedding business, boat & kayak rental, having a mini mart
Year built was 2004
Upon signing of NDA financial information will be provided
Location
State PA
County Lycoming
Area Lycoming Twp (15927)
Zoning COMMERCIAL, HOTEL
Interior
Hot Water 60+ Gallon Tank
Cooling Central A/C
Inclusions Business, Furniture, Kitchen Equipment, Bar Equipment, Second kitchen equipment
Heat Source Wood, Electric
Exterior
Garage Spaces 40.0
Waterfront Description Exclusive Easement
Water Access Y
Accessibility Ramp - Main Level
Total Parking Spaces 40
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Septic
Water Public
New Construction N
Schools
School District Jersey Shore Area
Others
Tax ID NO TAX RECORD
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
Virtual Tour https://Interactive matterport-3d-tour-revised #2.html
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