1210 Neubrecht Rd - Hospitality FOR SALE


Lima, OH 45801
$3,600,000 USD
317-493-0055
1210 Neubrecht Rd, Lima, OH for Sale
$3,600,000 USD
Hospitality - FOR SALE
1/4
null | Request Cap Rate

1210 Neubrecht Rd
Lima, OH 45801


HIGHLIGHTS

  • The Quality Inn is strategically located off Interstate 75 in Lima, Ohio—a key regional corridor connecting Detroit to Cincinnati.
  • The hotel offers an attractive cost basis per key with a strong in-place income stream.
  • There is significant opportunity to take a larger share of the Lima market after renovations on-site management

OVERVIEW

Mitchell Glasson and Luke Whittaker of Matthews Real Estate Investment Services™ are pleased to present the opportunity to acquire the 114-room Quality Inn located in Lima, Ohio. This cash-flowing asset offers immediate yield with operational upside, making it an attractive investment for buyers seeking stable returns and long-term flexibility. The hotel has delivered consistent performance backed by a broad and dependable demand base. Located directly off Interstate 75 and just minutes from downtown Lima, the property draws from a strong mix of corporate, industrial, medical, and educational demand. Major demand drivers include the Lima Refining Company—one of the largest oil refineries in the Midwest—Procter & Gamble’s manufacturing plant, Lima Memorial Health System, and the University of Northwestern Ohio. The existing Choice Hotels license expires in 2027, giving future ownership the option to rebrand or reposition the asset to suit their investment strategy. This, combined with operational improvements and refreshed management, presents a compelling path to increased NOI. With 114 rooms and strong connectivity to the I-75 corridor, this offering provides an excellent opportunity to acquire a performing, branded asset in a stable Midwest market with diverse economic anchors and consistent lodging demand. Matt Wallace License No. REC.2022007141 (OH) (866) 889-0550 Matthews Real Estate Investment Services, Inc 950 Main Ave., Suite 510, Cleveland, OH 44113

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$38 USD /SF

# OF ROOMS

114

PRICE/ROOM

$31,579 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quality Inn Lima

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1975

PARKING SPACES

164

LAND DETAILS

LAND ACRES

1.98 AC

LAND SF

86,249 SF

ZONING

C-2

APN/PARCEL ID

37-29-00-01-006.000

ASK ABOUT THIS PROPERTY

Luke WhittakerMatthews Real Estate Investment ServicesMore Info
317-493-0055

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

Luke WhittakerMatthews Real Estate Investment ServicesMore Info
317-493-0055

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