2545 N 5th Street Hwy
Reading, PA 19605 Outer Muhlenberg Township

$5,750,000 USD

Hotel For Sale • 74,716 SF

Property Details

Property Type Hotel
Total Building Size 74,716 SF
Lot Size 4.12 AC
Building Class C
Year Built 1964
Zoning HC

30 Transit Score

60 Walk Score

                
                    Highlights
                
                                Completed $1.5m Total Room Renovation/Conversion in late 2022 and Opened in Oct '22 as Red Roof Inn.
                            
                                Popular, Profitable Restaurant + Bar/Lounge Onsite with Revenue Almost Equal to Hotel Room Rev. F&B Mgr Willing to Stay with New Owner and Manage F&B
                            
                                Excellent Location off state highway with 25,000 Daily Traffic Count and Close to Multiple Year-Round Demand Generators
                            
                                Revenue Has Doubled Since Guestroom Renovations Have Been Completed