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McLure Hotel

2 Properties Offered at $3,539,250 CAD in Wheeling, WV

Apartment Buildings West Virginia Wheeling McLure Hotel

Investment Highlights

  • In 2021, $1.5 million was invested in updating and restoring this historic building.
  • The hotel has direct access to a 220-space parking garage for hotel and ballroom guests.
  • The McLure Hotel is located in an opportunity zone and qualifies for tax incentives.

Executive Summary

Nestled along the Ohio River and surrounded by inspiring American architecture and wilderness the property is a unique experience, a true piece of Americana. Presidents, Senators, actresses and actors have stayed at this historic hotel at one point in the hotel's 166 year history. This property offers an 8,000 square foot ballroom for conferences and events, extended stay options and a 7-story parking structure attached. An additional income stream comes along with a 30 unit apartment building positioned along the backside.
The McLure Hotel has 173 keys in a historic landmark hotel in the heart of downtown Wheeling.

Attachments

McLure Hotel OM_WV

Property Facts

Price $3,539,250 CAD Number of Properties 2
Price / SF $29.72 CAD / SF Individually For Sale 0
Cap Rate 11.78% Total Building Size 119,072 SF
Sale Type Investment Total Land Area 0.74 AC
Status Active
Price $3,539,250 CAD
Price / SF $29.72 CAD / SF
Cap Rate 11.78%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 119,072 SF
Total Land Area 0.74 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
McLure House Apartments
1200 Market St, Wheeling, WV 26003 		Multifamily 21,672 SF 1852 -
McLure Hotel
1200 Market St, Wheeling, WV 26003 		Hospitality 97,400 SF 1852 -
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(330) 418-9287

  • Listing ID: 33718962

  • Date on Market: 2024-11-01

  • Last Updated:

  • Address: McLure Hotel, Wheeling, WV

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McLure Hotel portfolio of 2 properties for sale on LoopNet.ca Primary Photo- Image 1 of 3
1200 Market St
McLure Hotel portfolio of 2 properties for sale on LoopNet.ca Primary Photo- Image 2 of 3
1200 Market St

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McLure Hotel
(330) 418-9287 x

McLure Hotel

Bryce Custer

(330) 418-9287

(330) 418-9287

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