1924 Leesburg Grove City Rd - Hospitality FOR SALE


Grove City, PA 16127
$2,500,000 USD
248-931-7694
1924 Leesburg Grove City Rd, Grove City, PA for Sale
$2,500,000 USD
Hospitality - FOR SALE
1/8
null | Request Cap Rate

1924 Leesburg Grove City Rd
Grove City, PA 16127


HIGHLIGHTS

  • Turnkey Investment: Two-story interior corridor hotel, built in 1997 and fully renovated in 2024, with strong ADR performance and fully PIP-compliant.
  • Exceptional Value: Listed at $2.5MM, well below the appraised value of $3.1MM, with a TTM Revenue of $786,829 and a revenue multiplier of 3.17x.
  • Growth Potential: Operated by an absentee owner with a low Market Penetration Index (RGI) of 47.8, offering significant upside under active managemen

OVERVIEW

The Park Inn by Radisson located in Grove City, Pennsylvania, is a two-story, 60 room hotel that was built in 1997 and underwent a renovation in 2019 & 2024. Situated on 2.51 acres near Interstate 79, this well-positioned property provides easy access to local attractions and amenities. Noteworthy nearby demand generators include the Grove City Premium Outlets, Keystone Safari, Grove City College. This property was recently converted from a Best Western and features many amenities including an Indoor Pool, Business Center, and Complimentary Breakfast, offering a modern, comfortable experience for travelers and ensuring a competitive edge in the market.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$78 USD /SF

# OF ROOMS

60

PRICE/ROOM

$41,667 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Park Inn by Radisson Grove City

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1997

PARKING SPACES

62

LAND DETAILS

LAND ACRES

2.51 AC

LAND SF

109,243 SF

ZONING

C

APN/PARCEL ID

29-613695

ASK ABOUT THIS PROPERTY

Jasnayak SohiThe Sohi GroupMore Info
248-931-7694

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Jasnayak SohiThe Sohi GroupMore Info
248-931-7694

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.