Investment Opportunity Neshaminy Innimages3.loopnet.com/d2/3SFMcAKq01-nbR9tRMUEHNM1f54...ne s h amin...
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Neshaminy Inn & Suds Beer & Wine 2345 Old Lincoln Hwy Trevose, Bucks County, PA Call for pricing Financials available upon completing Confidentiality Agreement 1105 Industrial Highway Southampton, PA 18966 +1 215 396 2900 naimertz.com Investment Opportunity for sale Jeff Licht, SIOR Senior Vice President 215 396 2900 x101 jeff[email protected] Fred Meyer, SIOR Vice President & Director of Corporate Services 856 234 9600 x216 [email protected]
Transcript of Investment Opportunity Neshaminy Innimages3.loopnet.com/d2/3SFMcAKq01-nbR9tRMUEHNM1f54...ne s h amin...
Neshaminy Inn &Suds Beer & Wine2345 Old Lincoln HwyTrevose, Bucks County, PACall for pricingFinancials available upon completing Confidentiality Agreement
1105 Industrial HighwaySouthampton, PA 18966+1 215 396 2900naimertz.com
Investment Opportunityfor sale
Jeff Licht, SIORSenior Vice President215 396 2900 x101 [email protected]
Fred Meyer, SIOR Vice President & Directorof Corporate Services856 234 9600 x216 [email protected]
neshaminy inn & SUDS BEER & WINE
Area Amenities
Property DescriptionNeshaminy Inn Package includes 85 room hotel, Suds Beer & Wine - 3,800 SF, Chinese takeout 1,200 SF and 2 LED billboard signs. Economy motel in suburban Northeast Philadelphia and beautiful Bucks County with newly renovated rooms and a bar on the premises. Conveniently located on Route 1, approximately one mile south of Exit 351 on the Pennsylvania Turnpike.
Local Area InfoThe property is located in Bensalem Township, Bucks County, PA, which is a thriving suburban community, just outside Philadelphia with over 65,000 residents. Its residential neighborhoods enjoy close proximity to the city, and Street Road, the main thoroughfare through the township, is a source for a variety of shopping areas, takeouts, and Neshaminy State Park. Notable nearby amenities include Parx Casino & Racetrack, Neshaminy Mall and Sesame Place.
Investment Opportunity
neshaminy inn & SUDS BEER & WINE
NESHAMINY INN
Motel Building Size: 33,000 SF
Motel Occupancy: 2017 YTD 2016 2015
106% 104% 97%
Guest Rooms: 49 single bedrooms (22 Queen; 27 King)
28 double bedrooms (25 Queen; 3 King)
2 triple bedrooms ( Queen)
6 jacuzzi bedrooms (King)
85 - total
CustomerLaundry Area: 4 coin-op washers
4 coin-op dryers
1 coin-op laundry detergent machine
Utility Rooms
Room 100 Main electrical panel, 3 hot water heaters, alarm panel, telephone wiring, storage
Room 200 Housekeeping Supervisor’s office, electrical panels, storage
Room 300 (Motel laundry)
In-house laundry with 2 new 50 lb. washers and (2) 75 lb. dryers, storage, electrical panels
Front Desk Area: 3 offices
1 restroom
Lobby Area: 2 soda machines
1 snack machine
1 change machine
1 sundry machine
1 ATM
1 ice machine
Signage: Electronic LED sign changeable via computer program. Highly visible. Excellent communication with customers
2 huge neon roof signs 40’ L x 5’ H1 street sign 13’ x 9’
Bottlecaps Bar: Entrance located in the motel lobby
Over 30 seats, food, snacks, pool table and jukebox
SUDS BEER & WINE (adjacent to Neshaminy Inn)
Suds Size: 3,800 SF
Chinese takeout(tenant)
1,200 SF
Signage: Electronic LED sign changeable via computer program. Highly visible. Excellent communica-tion with customers. 150+ SF
REAL ESTATE TAXES (2016/ 2017)
Parcel Number Assessed Value Property Tax
Neshaminy Inn
02-010-002 $210,680 $41,745
02-010-003 - -
Suds Beer & Wine
02-011-001 $66,480 $13,173
10 acres vacant
02-011-003 $46,000 $9,115
Additional Information
neshaminy inn & SUDS BEER & WINE
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Parcel 1 & 2: Neshaminy Inn; Zoned HC 11,899 SF/ Floor, 1.1 AC;
Parcel 3: Suds Beer & Wine, Chinese takeout; Zoned HC, 5,000 SF, 0.77 AC;
Parcel 4: Vacant Land; Zoned R-A, 9.9 Acres,
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Additional Information
neshaminy inn & SUDS BEER & WINE Location Information
DEMOGRAPHICS 1 mi 3 mi 5mi
Population 6,970 113,7824 285,173
Households 2,481 43,000 109,306
Median Household Income
$55,803 $64,795 $66,021
Situated at US Route 1, 0.8 mile to I-276/ PA TurnpikePhiladelphia Interchange and minutes to I-95 exits,Woodhaven Road and Street Road.
TRAFFIC COUNTS
Collection Street Cross Street Traffic Volume
Lincoln Hwy E Street Rd 77,710
Lincoln Hwy Old Trevose Rd 52,901
E Street Rd Windsor 44,000
Lincoln Hwy Interplex Cir 31,145
E Street Rd Old Lincoln Hwy 28,049
44,000
31,145
28,049
neshaminy inn & SUDS BEER & WINE Location Information
DISTANCE TO KEY POINTS
Destination Distance
Route 1 0.1 mi
Pennsylvania Turnpike 0.8 mi
I-95 5.6 mi
Neshaminy Mall 1.6 mi
Parx Casino 2.3 mi
Philadelphia Mills Outlets 4.2 mi
NE Philadelphia Airport 5.7 mi
Sesame Place 8.7 mi
Center City Philadelphia 19.7 mi
EXECELLENT ACCESS
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Suds Beer & Wine and Chinese takeout EXECELLENT ACCESSEXECELLENT ACCESSEXCELLENT ACCESS
neshaminy inn & SUDS BEER & WINE
LOCAL MARKET
Motels/ hotels with-in 5 miles of subject property:
16
Motel/ hotel rooms within 5 miles of subject property:
2,116
Motels/ hotels in Bucks County:
67
Motel/ Hotel rooms in Bucks County:
4,445
Average daily rate in Bucks County:
$104/ night
Occupancy in Bucks County:
66%
Revenue per available room in Bucks County:
$69MOTELS/HOTELS WITHIN 5 MILES OF SUBJECT
Location Information
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1. Neshaminy Inn2. Holiday Inn Express3. Crowne Plaza4. Lincoln Motel5. Comfort Inn6. Knights Inn7. Red Roof Inn8. Radisson Philadelphia Northeast9. Inn Of The Dove10. Four Points by Sheraton11. Courtyard by Marriott12. Sleep Inn & Suites13. Best Western14. Hampton Inn15. Quality Inn & Suites16. Extended StayAmerica17. Courtyard Marriott Philadelphia Bensalem
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neshaminy inn & SUDS BEER & WINE Property Photography
neshaminy inn & SUDS BEER & WINE Property Photography
Guest laundry
Motel laundry
neshaminy inn & SUDS BEER & WINE Property Photography
Suds Beer & Wine | Exterior
Chinese takeout (tenant)
Suds Beer & Wine | Interior
Suds Beer & Wine | Interior
1105 Industrial HighwaySouthampton PA 18966+1 215 396 2900naimertz.com
Jeff Licht, SIORSenior Vice President215 396 2900 x101 [email protected]
Fred Meyer, SIOR Vice President & Directorof Corporate Services856 234 9600 x216 [email protected]
NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDI-TIONS IMPOSED BY OUR PRINCIPALS NO WARRANTIES OR REPRESENTA-TIONS ARE MADE AS TO THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED
