100% Master-Leased Hotel

For Sale

61 & 63 Heather Ln, Perryville, MD 21903

This Perryville property for sale is located at 61 & 63 Heather Ln. The general use of 100% Master-Leased Hotel is other and it incorporates 39,600 square feet of class C other space. The current listed sale price for 100% Master-Leased Hotel is $13,000,000. 100% Master-Leased Hotel is situated on a lot that is 8.74 acre in size.

Contacts

broker

Nicholas Lancetti

Lee & Associates - Charlotte

Property Details

  • Property Type Other
  • Property Size 39,600 SF
  • Units 106
  • Lot Size 8.74 Acre
  • Additional Rent Contact for pricing
  • Building Class C
  • Year Built 1989
  • Date Updated Oct 8, 2024
Excellent location along Maryland's I-95 corridor near the brand new Great Wolf Lodge and Hollywood Casino in Perryville, MD. Property is close to the beautiful town of Havre de Grace and the mouth of the Susquehanna River. View Video: https://www.dropbox.com/scl/fi/4rlqmv11oj9fz0lgcn6d9/Video-Drone-240p.mp4?rlkey=7wix0bkathjjd777th58lj069&st=2p71y7u8&dl=0Lee & Associates Charlotte is pleased to present exclusively for sale the 39,600 square foot 100% Master Leased Hotel located at 61 Heather Lane in Perryville, MD. Located along I-95 in northeastern Maryland, the property is in a prime location with Great Wolf Lodge and Hollywood Casino nearby, making this a unique investment. Originally a 104-unit hotel, the building has been transformed into a 206-bed dormitory leased to a single tenant. The national tenant employs a total of 1,200 individuals, with 200 of them residing at the property. Property allows for expansion allowing for the potential construction of more units. Included in this sale is a 3,100-square foot building located at 63 Heather Lane in Perryville, MD. This property brings in an additional income of $34,800.

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Highlights

  • Total Building SF: 39,600 SF
  • Parcel #: 07-037031
  • Zoning: C2
  • Total Acres: 8.72
  • Year Built/Renovated: 1989/2023
  • NOI: $1,559,885
  • Cap Rate: 12%
  • Price: $13,000,000 ($328.28/SF)

Getting around

  • 25/100

    Walk Score ®

  • 16/100

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Location

  • City Perryville, MD
  • Neighborhood Perryville
  • Zip Code 21903
  • Market Philadelphia

Points of Interest

  • Aberdeen

    7.59 miles

  • ONE9

    0.08 miles

  • Exxon

    0.09 miles

  • Royal Farms

    0.15 miles

  • Tesla Supercharger

    0.57 miles

  • Sunoco

    2.33 miles

  • Crown

    3.18 miles

  • Lion Xpress

    3.19 miles

  • Port Deposit Park & Ride

    0.66 miles

  • Perryville MARC Parking

    2.17 miles

  • Lot 2

    2.75 miles

  • Lot 4

    2.87 miles

  • Lot 5

    2.96 miles

  • Juniata Street Park & Ride

    3.02 miles

  • UM HMH Team Members Parking

    3.42 miles

  • UM HMH Parking Garage

    3.47 miles

  • Havre De Grace Park & Ride

    3.87 miles

  • Walmart curbside pickup

    6.32 miles

  • Great Wolf Lodge

    0.41 miles

  • Perryville Motel

    1.18 miles

  • Spencer & Silver Mansion

    3.25 miles

  • Best Budget Inn

    3.26 miles

  • Vandiver Inn

    3.29 miles

  • Super 8

    3.41 miles

  • Sandy Cove Bible Conference

    6.21 miles

  • Best Western Chesapeake Bay North Inn

    6.66 miles

  • Comfort Inn

    6.71 miles

  • Residence Inn Aberdeen at Ripken Stadium

    7.47 miles

  • Food Lion

    1.14 miles

  • Joseph's

    3.08 miles

  • Weis Markets

    3.54 miles

  • Walmart Supercenter

    6.32 miles

  • G.O. Bradfield General Merchandise

    6.80 miles

  • Martin’s Food & Drugstore

    7.47 miles

  • Big Lots

    7.52 miles

  • ShopRite

    7.53 miles

  • Target

    7.60 miles

  • Lidl

    8.46 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Nicholas Lancetti

Lee & Associates - Charlotte