100% Master-Leased Hotel

61 & 63 Heather Ln, Perryville, MD 21903

  • For Sale $13,000,000
  • 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)

Contacts

broker

Nicholas Lancetti

Lee & Associates - Charlotte

Location

Getting Around

  • Walk Score ®

    25/100 Car-Dependent

  • Bike Score ®

    16/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Perryville, MD
  • Neighborhood Perryville
  • Zip Code 21903
  • Market Philadelphia

Points of Interest

  • Perryville

    2.18 miles

  • 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

  • Park & Ride

    0.66 miles

  • Perryville MARC Parking

    2.14 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

  • Days Inn

    0.03 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

  • Currier House Bed and Breakfast

    3.55 miles

  • Sandy Cove Bible Conference

    6.21 miles

  • Best Western Chesapeake Bay North Inn

    6.66 miles

  • Denny's

    0.05 miles

  • KFC

    0.06 miles

  • Taco Bell

    0.06 miles

  • Subway

    0.08 miles

  • Pizza Tower

    0.86 miles

  • Domino's

    1.17 miles

  • Dunkin'

    1.20 miles

  • China Star

    1.27 miles

  • Karlee's Subworks

    1.28 miles

  • Johnny's Sushi House

    1.36 miles

  • Susquehanna Seventh Day Adventist School

    0.21 miles

  • Perryville High School

    0.55 miles

  • Bainbridge Elementary School

    1.26 miles

  • Perryville Middle School

    1.40 miles

  • Good Shepherd School

    1.48 miles

  • Perryville Elementary School

    1.65 miles

  • Meadowvale Elementary School

    2.75 miles

  • Saint Patrick's Faith Formation Center

    3.21 miles

  • Cecil College

    6.95 miles

  • Playplace America

    3.13 miles

  • Karing for Kids Learning Center

    7.65 miles

  • La Garderie

    9.72 miles

Frequently Asked Questions

How much does 100% Master-Leased Hotel cost?

The space currently listed for sale at 100% Master-Leased Hotel asks for $13,000,000.

What is the total square footage of 100% Master-Leased Hotel?

100% Master-Leased Hotel totals 39,600 square feet.

When was this property built?

100% Master-Leased Hotel was built in 1989.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Nicholas Lancetti

Lee & Associates - Charlotte