701 W Bayfront Pkwy - Hospitality FOR SALE


Erie, PA 16507
$5,800,000 USD
405-810-1414
701 W Bayfront Pkwy, Erie, PA for Sale
$5,800,000 USD
Hospitality - FOR SALE
1/15
null | Request Cap Rate

701 W Bayfront Pkwy
Erie, PA 16507


HIGHLIGHTS

  • Along the Great Lakes Bay
  • North of Interstate 90
  • Near Presque Isle State Park, Waldameer Park & Water World and Millcreek Mall

OVERVIEW

The Cobblestone Inn & Suites in Erie directly across from the Lake Eerie Bayfront. The 3-story hotel contains 56 guest rooms, a free hot buffet breakfast, fitness room, convenience store, business center, indoor pool & hot tub and 700 SF meeting room space. The hotel also features a lounge area which serves beer and wine. This hotel is being offered individually or as a portfolio with one or two other Cobblestones in PA: https://www.hotelbrokerone.com/hotels-for-sale/Cobblestone-Inn-and-Suites-Corry-Pennsylvania https://www.hotelbrokerone.com/hotels-for-sale/Cobblestone-Inn-and-Suites-HarborCreek-Pennsylvania Contact Ted for tours and inquiries. Do not contact the hotel directly or visit without an appointment.

FOR SALE DETAILS

PRICE

$5,800,000 USD

PRICE/SF

$211 USD /SF

# OF ROOMS

56

PRICE/ROOM

$103,571 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cobblestone Hotel & Suites Erie

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

2016

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.31 AC

LAND SF

100,624 SF

ZONING

Commercial

APN/PARCEL ID

17-040-046.0-100.00

ASK ABOUT THIS PROPERTY

Ted HolmesHotelBrokerOneMore Info
405-810-1414

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Ted HolmesHotelBrokerOneMore Info
405-810-1414

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