Quality Inn

8040 Perry Hwy, Erie, PA 16509

  • For Sale $3,599,000
  • Property Type Other
  • Property Size 66,112 SF
  • Units 110
  • Lot Size 14.58 Acre
  • Building Class B
  • Year Built 1973
  • Year Renovated 2023
  • Date Updated Apr 24, 2024
Located off of busy I-90 just across from the Presque Isle Downs & Casino in beautiful Erie PA. Erie, Pennsylvania, is a city located in the northwestern part of the state, along the southern shore of Lake Erie. It is the fourth-largest city in Pennsylvania and has a rich history and a diverse range of attractions and activities. Lake Erie: Erie is known for its stunning waterfront along Lake Erie, one of the Great Lakes. Presque Isle State Park, a peninsula that extends into the lake, offers beautiful beaches, walking trails, and opportunities for boating, fishing, and bird-watching. It's a popular spot for outdoor enthusiasts. Manufacturing Heritage: Erie has a strong manufacturing history, particularly in industries like locomotive manufacturing, paper production, and plastics. The city played a significant role in the Industrial Revolution, and remnants of this heritage can still be seen today. Downtown Erie: Downtown Erie features a mix of historic and modern architecture. You'll find various shops, restaurants, and cultural attractions, including the Erie Art Museum and Warner Theatre, which hosts concerts and Broadway shows. Education: Erie is home to several colleges and universities, including Gannon University and Mercyhurst University, contributing to a vibrant academic community. Sports: Erie is home to the Erie SeaWolves, a Double-A minor league baseball team affiliated with the Detroit Tigers. Sports enthusiasts can also enjoy hockey games with the Erie Otters, a junior ice hockey team. Culture and Entertainment: The city offers a range of cultural experiences, from art galleries and theaters to music festivals and community events. The Erie Philharmonic and Erie Playhouse are notable cultural institutions. Cuisine: Erie boasts a diverse culinary scene, with a focus on fresh seafood from Lake Erie. You can find a wide variety of dining options, from casual eateries to upscale restaurants. Maritime History: The Erie Maritime Museum showcases the city's nautical history and is home to the U.S. Brig Niagara, a reconstructed historic warship. Festivals and Events: Erie hosts numerous festivals throughout the year, celebrating everything from seafood and wine to music and the arts. Outdoor Recreation: Besides Presque Isle State Park, the surrounding region offers opportunities for hiking, camping, and exploring nature. The Allegheny National Forest is not too far from Erie. Snowfall: Erie is known for its heavy snowfall during the winter months, thanks to its location in the snowbelt region off Lake Erie. This makes it a destination for winter sports enthusiasts. Economic Diversity: The local economy has diversified in recent years, with healthcare, education, and tourism playing increasingly important roles alongside traditional manufacturing industries. Overall, Erie, Pennsylvania, offers a mix of natural beauty, cultural attractions, and outdoor activities, making it a unique and vibrant city in the state of Pennsylvania.Presenting the exceptional investment opportunity, the Quality Inn & Suites Conference Center. This property, boasting 110 units within a 66,112 SF building, is not just another investment option. It's a gateway to a profitable venture. With a thriving bar & grill, a spacious banquet hall, a well-stocked bar, and a restaurant, this property has extensive revenue potential. This can be a standalone investment or a package that could include: - Super 8, adjacent to Quality Inn - Quality Inn, includes a banquet hall, bar, and restaurant) - Land, 6 acres behind the Super 8, is an ideal canvas for future development, including the potential for a water park or other lucrative ventures. Explore the endless opportunities and secure your investment in this thriving hospitality market.

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Highlights

  • - 66,112 SF building with 110 units
  • - Renovated in 2023 for modern appeal
  • - Zoned C- Hotels for versatile usage
  • - Perfect for hospitality or full-service investment
  • - Prime location in the thriving Erie area
  • - Well-performing bar & grill included
  • - Endless options for future development
  • - Ideal for waterpark, MUH, or storage facility
  • - Solid investment opportunity with great potential
  • - Additional investment opportunity to purchase the 6-acre land for future development

Contacts

broker

Anish Shah

e-Merge Real Estate Commercial

(740) 480-3918

Location

Getting Around

  • Walk Score ®

    24/100 Car-Dependent
  • Bike Score ®

    18/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Erie, PA
  • Zip Code 16509

Points of Interest

  • Erie Zoo Train Station

    2.71 miles

  • Erie

    4.19 miles

  • Shell

    0.13 miles

  • Pilot

    0.20 miles

  • Citgo

    0.23 miles

  • Kwik Fill

    0.24 miles

  • Sheetz

    0.31 miles

  • Citgo

    2.41 miles

  • Shell

    2.41 miles

  • Gulf

    2.43 miles

  • Kwik Fill

    2.46 miles

  • Citgo

    2.48 miles

  • Erie Veterans Medical Center Parking Garage

    2.61 miles

  • Mercyhurst Parking Garage

    2.65 miles

  • Saint Vincent Parking Garage

    3.51 miles

  • Saint Vincent Parking Garage

    3.65 miles

  • EMTA Parking Garage

    4.19 miles

  • East Erie Parking Garage

    4.47 miles

  • PNC Bank Parking Garage

    4.57 miles

  • Erie Parking Garage

    4.62 miles

  • Gannon University Parking Garage

    4.68 miles

  • East 8th & French Parking Garage

    4.69 miles

  • Quality Inn & Suites Conference Center Erie

    0.02 miles

  • Super 8 by Wyndham Erie

    0.05 miles

  • La Quinta Inn & Suites by Wyndham Erie

    0.16 miles

  • Baymont

    0.25 miles

  • Red Roof Inn - Erie

    0.31 miles

  • Motel 6 Erie/Summit Township

    0.32 miles

  • Days Inn by Wyndham Erie

    0.36 miles

  • Blue Spruce Motel

    0.51 miles

  • Comfort Inn & Suites

    2.27 miles

  • Hawthorn Suites by Wyndham Erie

    2.27 miles

  • Black Jax Sports Bar & Grille

    0.03 miles

  • Taco Bell

    0.14 miles

  • Subway

    0.20 miles

  • McDonald's

    0.25 miles

  • Arby's

    0.30 miles

  • Barbato's Italian Restaurant

    0.30 miles

  • Doc Holliday's Bar & Grill

    0.30 miles

  • Tasty Bowl

    0.34 miles

  • Shirley's

    1.05 miles

  • Subway

    2.26 miles

  • James S. Wilson Middle School

    1.90 miles

  • Chestnut Hill Elementary School

    1.97 miles

  • Robison Elementary School

    2.01 miles

  • Carmelite Monastery

    2.03 miles

  • Belle Valley Elementary School

    2.25 miles

  • Mercy Center of the Arts

    2.29 miles

  • Mercyhurst Preparatory School

    2.33 miles

  • Montessori In The Woods

    2.48 miles

  • Mercyhurst Learning Center

    2.59 miles

  • Mercyhurst University

    2.59 miles

  • YMCA Child Care

    3.04 miles

  • Bright Morning Star Child Care

    3.06 miles

  • Learning Ladder Early Child Care

    3.52 miles

  • Blessed Hope Daycare

    3.66 miles

  • YMCA Child Care

    3.71 miles

  • Young Environment Learning Center

    3.77 miles

  • I Love It! Daycare

    3.82 miles

  • Bethesda Children's Home

    3.98 miles

  • Fit Kids Child Care

    4.04 miles

  • Thurston Child Care Center

    4.04 miles

Frequently Asked Questions

What is the lease rate for Quality Inn?

Rental asking rate at Quality Inn is $1,799,500.00/YR.

What is the total square footage of Quality Inn?

Quality Inn totals 66,112 square feet.

When was this property built?

Quality Inn was built in 1973.

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Contact Listing Broker

broker

Anish Shah

e-Merge Real Estate Commercial

(740) 480-3918