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8050 Old Oliver Rd
Erie, PA 16509

$11,085,000 USD

Hotel For Sale  •  54,668 SF

Property Details

• Property Type Hotel
• Total Building Size 54,668 SF
• Lot Size 2.51 AC
• Building Class B
• Year Built 1998
• Cap Rate 9.08 %
• Tenancy Single
• Zoning B1

0 Transit Score

45 Walk Score

Highlights

Full renovation in 2019/2018

In-place cash flow with upside

Exceptional RevPAR performance

Unencumbered by management, fee-simple, non-union

No new supply

Offered well below replacement cost

Cap Rate:

9.08 %

Amenities

• Business Center
• Fitness Center
• Pool
• Room Service
• High Speed Internet Access
• Patio
• Meeting Event Space
• Public Access Wifi
• Smoke-Free
• Digital key

Public Transportation

Commuter Rail	Drive	Walk	Distance
Erie Amtrak Station (Lake Shore Limited - Amtrak)	13 min	-	6.0 mi
Airport	Drive	Walk	Distance
Erie International/Tom Ridge Field	16 min	-	8.4 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	97
Type:	Surface
Included in Rent:	Yes