1342 Hebron Rd - Hospitality FOR SALE


Heath, OH 43056
$1,400,000 USD
740-480-3918
1342 Hebron Rd, Heath, OH for Sale
$1,400,000 USD
Hospitality - FOR SALE
1/31
null | Request Cap Rate

1342 Hebron Rd
Heath, OH 43056


HIGHLIGHTS

  • Property Name: Starlite Hotel
  • Acreage: 2.96 acres
  • Use: Hotel operation or redevelopment
  • Visibility: Prominent frontage on Hebron Road
  • Access: Minutes to Newark and ~36 miles to Columbus
  • Surroundings: Retail, restaurants, entertainment, and employment centers

OVERVIEW

The Starlite Hotel, a rare opportunity to acquire nearly 3 acres along the high-traffic Hebron Road corridor in Heath, Ohio. This property offers exceptional flexibility—continue operating as a hotel business or reposition the site for a new hospitality brand, mixed-use project, retail, multifamily or other redevelopment. The sale of the Starlite Hotel includes a 2.96-acre parcel with existing hotel improvements. Buyers may operate the asset as a hotel or reposition it for higher-yield uses such as a new hospitality brand, multi-family, or mixed-use redevelopment. The site’s frontage and commercial zoning provide excellent flexibility.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$120 USD /SF

# OF ROOMS

24

PRICE/ROOM

$58,333 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starlite Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1958

PARKING SPACES

30

LAND DETAILS

LAND ACRES

2.74 AC

LAND SF

119,560 SF

ZONING

-

APN/PARCEL ID

030-088920-00.000

ASK ABOUT THIS PROPERTY

Anish Shahe-Merge Commercial Real EstateMore Info
740-480-3918

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Anish Shahe-Merge Commercial Real EstateMore Info
740-480-3918

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