12211 US Highway 250 N - Hospitality FOR SALE


Milan, OH 44846
$1,900,000 USD
805-557-8943
12211 US Highway 250 N, Milan, OH for Sale
$1,900,000 USD
Hospitality - FOR SALE
1/12
null | Request Cap Rate

12211 US Highway 250 N
Milan, OH 44846


HIGHLIGHTS

  • 55 units, 2 story, exterior corridor
  • 10.58 acre parcel on I-90 and I-80 with a restaurant and bar attached, laundry and gym
  • 2023 room revenue: $592,086
  • 2024 room revenue: $485,032
  • Priced to sell at $34,545 per key or $179,584 per acre
  • Offered at 3.9x multiplier

OVERVIEW

The Bowman Post Group of NewGen Advisory is thrilled to present the exclusive listing of the Motel Boutique by Wolf Inn – Milan, OH. Situated on a 10.58-acre lot in the thriving Sandusky/Port Clinton submarket, this two-story hotel features 55 well-appointed rooms and desirable amenities, including high-speed internet, a pool, and an on-site restaurant. Conveniently located just off I-90 and Route 250, the Motel Boutique by Wolf Inn – Milan, OH benefits from exceptional visibility and high traffic, making it a prime investment opportunity. This is an ideal opportunity for an owner-operator seeking hands-on management and offers significant potential for growth and profitability. BROKER OF RECORD | Thomas D’Amico | D’Amico Agency Inc.| OH #BRKP.0000177678

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$93 USD /SF

# OF ROOMS

55

PRICE/ROOM

$34,545 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Motel Boutique by Wolf Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1940

PARKING SPACES

127

LAND DETAILS

LAND ACRES

10.58 AC

LAND SF

461,058 SF

ZONING

Commercial

APN/PARCEL ID

50-00105-000,50-00269-001

ASK ABOUT THIS PROPERTY

Ryan BleierNewGen AdvisoryMore Info
805-557-8943

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Ryan BleierNewGen AdvisoryMore Info
805-557-8943

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