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Red Roof Inn 14451 Clearfield Shawville Hwy 48 Room Hotel Clearfield, PA 16830 $3,293,952 CAD ($68,624 CAD/Room)
Executive Summary
CBRE, as exclusive agent for the owner, is pleased to present the opportunity to acquire a 6.32 +/- acre redevelopment site, with immediate access to
Interstate 80, located at 14451 Clearfield Shawville Highway, Clearfield, PA (the “Property”).
The site is currently occupied by a former 120-key Red Roof Inn & restaurant space (no longer operational). The site is in the heart of the retail trade area
with neighboring tenancy including Walmart, Lowes, Sheetz, Snappy’s, Dunkin, KFC, BP & McDonald’s, in addition to numerous industrial operations
adding built-in trade area demand.
The Property represents a prime redevelopment opportunity, with immediate access to a full interchange of Interstate 80. Interstate 80 is the
main east-west thoroughfare across the northern portion of Pennsylvania, providing direct accessibility to New York City and major metros to the
west. Traffic counts at the interchange exceed 14,000 VPD. The Property offers investors multiple redevelopment scenarios including
single or multi-tenant retail, medical office, light industrial, IOS or distribution, or the renovation and continued operation as a limited and/or
restaurant.
Interstate 80, located at 14451 Clearfield Shawville Highway, Clearfield, PA (the “Property”).
The site is currently occupied by a former 120-key Red Roof Inn & restaurant space (no longer operational). The site is in the heart of the retail trade area
with neighboring tenancy including Walmart, Lowes, Sheetz, Snappy’s, Dunkin, KFC, BP & McDonald’s, in addition to numerous industrial operations
adding built-in trade area demand.
The Property represents a prime redevelopment opportunity, with immediate access to a full interchange of Interstate 80. Interstate 80 is the
main east-west thoroughfare across the northern portion of Pennsylvania, providing direct accessibility to New York City and major metros to the
west. Traffic counts at the interchange exceed 14,000 VPD. The Property offers investors multiple redevelopment scenarios including
single or multi-tenant retail, medical office, light industrial, IOS or distribution, or the renovation and continued operation as a limited and/or
restaurant.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $3,293,952 CAD | Construction Status | Under Construction |
| Price Per Room | $68,624 CAD | Building Size | 24,000 SF |
| Sale Type | Investment | No. Rooms | 48 |
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built | 2005 |
| Building Class | C | Parking Ratio | 5.38/1,000 SF |
| Lot Size | 6.32 AC | Corridor | Exterior |
| Zoning | C | ||
| Price | $3,293,952 CAD |
| Price Per Room | $68,624 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 6.32 AC |
| Construction Status | Under Construction |
| Building Size | 24,000 SF |
| No. Rooms | 48 |
| No. Stories | 2 |
| Year Built | 2005 |
| Parking Ratio | 5.38/1,000 SF |
| Corridor | Exterior |
| Zoning | C |
Amenities
- Fitness Center
- High Speed Internet Access
- Public Access Wifi
- Fully-Equipped Kitchen
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 48 | $163.33 CAD | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 1230L0700000090 | Improvements Assessment | $798,783 CAD |
| Land Assessment | $104,926 CAD | Total Assessment | $903,709 CAD |
Property Taxes
Parcel Number
1230L0700000090
Land Assessment
$104,926 CAD
Improvements Assessment
$798,783 CAD
Total Assessment
$903,709 CAD
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Red Roof Inn | 14451 Clearfield Shawville Hwy
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