1066 1st Ave - Hospitality FOR SALE


Gallipolis, OH 45631
$699,000 USD
740-794-0915
1066 1st Ave, Gallipolis, OH for Sale
$699,000 USD
Hospitality - FOR SALE
1/22
null | Request Cap Rate

1066 1st Ave
Gallipolis, OH 45631


HIGHLIGHTS

  • Within walking Distance to Downtown Gallipolis
  • Riverfront Property
  • Within 2.5 miles of the Gallia-Meigs Regional Airport
  • Within 18 miles of Nucor Steel of WV
  • Within 10 miles of Kyger Creek and Gavin Power Plants
  • 4 miles from Holzer Health Systems

OVERVIEW

This opportunity is ready and waiting on You! Take your first step to owning the one and only Riverfront Motel in Gallipolis, Ohio! The property has been owned and operated by the same family for 47 years and the time has come to pass the torch. Boasting great online reviews, the motel features 7 guest rooms, consisting of 6 units and 1 suite. Each single unit offers a microwave, mini fridge, TV, desk/chair and a full bath. The suite consists of a separate living room with kitchenette, as well as a private bedroom & bath. Two more potential units are located upstairs. Utilize the 3 BR, 1 BA home as your on-site residence, or as additional space for rental units. The motel is a short stroll to downtown restaurants, shops and the historic riverfront park with boat dock/ramp. Convenient access from First & Second Avenues is a plus. Added opportunity lies in the riverfront just below the motel. This area is growing with the addition of Nucor Steel. Call to make an appointment to see this one and only Riverfront Motel in beautiful Gallipolis, which has been named one of Ohio's Best Hometowns!

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$238 USD /SF

# OF ROOMS

11

PRICE/ROOM

$63,545 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Iconic Mini-Motel with Riverfront Property

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1940

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,920 SF

ZONING

-

APN/PARCEL ID

007-038-002-01,007-038-006-00,007-038-038-00

ASK ABOUT THIS PROPERTY

Melissa BowmanWiseman Real EstateMore Info
740-794-0915

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Melissa BowmanWiseman Real EstateMore Info
740-794-0915

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.