Motel 6 Pittsburgh

211 Beecham Drive, Pittsburgh, PA

$3,500,000

Price

40,346 sqft

Building Size

3.8 acres

Lot Area

Overview
Building Size
40,346 sqft
Lot Area
3.8 acres
Keys
124
Year Built
1987
Floors
2
Description

The Bowman Post Group of NewGen Advisory is pleased to present for sale the fee simple interest in the Pittsburgh, Pennsylvania Motel 6. Conveniently located at the convergence of Interstate 70 and Highway 60, this property is easily accessible to the greater Pittsburgh area, the Ohio River, and the Pittsburgh International Airport. This Motel 6 is currently run absentee and there is room for upside.

Broker of Record: James Schons | Found It Real Estate | Lic. No.: RM422298

Pittsburgh is located in western Pennsylvania near the Ohio border and the Metropolitan Statistical Area boasts a population of 2.3 Million. Visitors enjoy the Carnegie Museum of Natural History, the Carnegie Museum of Art and the Phipps Conservatory and Botanical Gardens. Sports fans will find joy at Heinz Field football stadium and PNC Park baseball stadium.

Highlights
  • 124 Units, 2 stories
  • 2023 Revenue: $1,080,634
  • Priced to sell at 3.24x multiplier of the 2023 Revenue
  • Upside: Performing at 68% RevPar Index
  • $28,225/key
  • 3.8 Acre Lot
Location