Erie Hospitality for Sale - Outlying Erie County
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Presenting an exceptional investment opportunity at 1234 Perry Hwy, Erie, PA. This 12,000 SF property, boasting 92 units, is a 'Fee Simple' gem, sure to captivate the astute investor. Whether as a standalone venture or part of a comprehensive package with the adjacent Quality Inn, this property promises a lucrative return on investment.
Established in 1983 and zoned AR, this property provides a robust platform for a select-service hotel or hospitality venture. Its strategic position in the thriving Erie area offers a unique chance for expansion and triumph in the hospitality industry. Uncover this property's untapped potential and leave your mark in the flourishing Erie market.
The comprehensive Package could include:
- Super 8 (adjacent to Quality Inn)
- Quality Inn (includes banquet hall, bar, and restaurant)
- Land (6- acre behind the Super 8)
Additional revenue opportunities are available when purchased with the Quality Inn, which includes a banquet hall, bar, and restaurant.
- monthly 2 to 3 events (200 people)
- 2022: $400k
- 2023: $400k
- Price $100k
Located off of busy I-90 just across from the Presque Isle Downs & Casino in beautiful Erie PA. Erie, Pennsylvania, is a city located in the northwestern part of the state, along the southern shore of Lake Erie. It is the fourth-largest city in Pennsylvania and has a rich history and a diverse range of attractions and activities.
Lake Erie: Erie is known for its stunning waterfront along Lake Erie, one of the Great Lakes. Presque Isle State Park, a peninsula that extends into the lake, offers beautiful beaches, walking trails, and opportunities for boating, fishing, and bird-watching. It's a popular spot for outdoor enthusiasts.
Manufacturing Heritage: Erie has a strong manufacturing history, particularly in industries like locomotive manufacturing, paper production, and plastics. The city played a significant role in the Industrial Revolution, and remnants of this heritage can still be seen today.
Downtown Erie: Downtown Erie features a mix of historic and modern architecture. You'll find various shops, restaurants, and cultural attractions, including the Erie Art Museum and Warner Theatre, which hosts concerts and Broadway shows.
Education: Erie is home to several colleges and universities, including Gannon University and Mercyhurst University, contributing to a vibrant academic community.
Sports: Erie is home to the Erie SeaWolves, a Double-A minor league baseball team affiliated with the Detroit Tigers. Sports enthusiasts can also enjoy hockey games with the
Erie Otters, a junior ice hockey team.
Culture and Entertainment: The city offers a range of cultural experiences, from art galleries and theaters to music festivals and community events. The Erie Philharmonic
and Erie Playhouse are notable cultural institutions.
Cuisine: Erie boasts a diverse culinary scene, with a focus on fresh seafood from Lake Erie. You can find a wide variety of dining options, from casual eateries to upscale
restaurants.
Maritime History: The Erie Maritime Museum showcases the city's nautical history and is home to the U.S. Brig Niagara, a reconstructed historic warship.
Festivals and Events: Erie hosts numerous festivals throughout the year, celebrating everything from seafood and wine to music and the arts.
Outdoor Recreation: Besides Presque Isle State Park, the surrounding region offers opportunities for hiking, camping, and exploring nature. The Allegheny National Forest is not too far from Erie.
Snowfall: Erie is known for its heavy snowfall during the winter months, thanks to its location in the snowbelt region off Lake Erie. This makes it a destination for winter sports enthusiasts.
Broker of Record:
Real Broker
Niraj Parikh
parikhrealty@gmail.com
848-565-5006
500 Office Center Dr #400
Fort Washington, PA 19034
Office #: 855-450-0442
