1720 N Main St - Hospitality FOR SALE


Orrville, OH 44667
$4,400,000 USD
405-810-1414
1720 N Main St, Orrville, OH for Sale
$4,400,000 USD
Hospitality - FOR SALE
1/10
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1720 N Main St
Orrville, OH 44667


HIGHLIGHTS

  • Motivated, absentee seller
  • Same owner since construction in 2017
  • Opportunity for a more involved owner to improve performance and increase profit
  • Strong, steady revenue with minima day-to-day involvement
  • Located near The J.M. Smucker Company headquarters, along with other local employers that drive regular business travel
  • Within the greater Cleveland / Akron market with convenient highway access

OVERVIEW

This Cobblestone property in Orrville, Ohio presents a great opportunity for an investor with a motivated, absentee seller and consistent ownership since its construction in 2017. The asset has been well maintained and operates with strong, steady revenue that has had minimal day-to-day involvement, making it attractive both for passive investors and those looking to step in more actively to increase profitability. The property benefits from its proximity to The J.M. Smucker Company headquarters, along with other local employers that support regular business travel and dependable occupancy. It is also positioned within the broader Cleveland / Akron market, with convenient highway access that connects it to key regional demand drivers. For a more engaged owner, there is a clear path to improve operations and increase profitability while building on an already stable revenue base. In Association with ParaSell, Inc. | A Licensed Ohio Broker #REC.2020005946 Scott Reid, OH - BRKP.2020001224 Broker of Record Ted Holmes, OK - #155078 Listing Broker Bruce Holmes, OK - #071875 Listing Broker

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$146 USD /SF

# OF ROOMS

54

PRICE/ROOM

$81,481 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cobblestone Hotel & Suites Orrville

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2017

PARKING SPACES

56

LAND DETAILS

LAND ACRES

2.62 AC

LAND SF

114,127 SF

ZONING

I-2

APN/PARCEL ID

58-00779-000

ASK ABOUT THIS PROPERTY

Bruce HolmesHotelBrokerOneMore Info
405-810-1414

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Bruce HolmesHotelBrokerOneMore Info
405-810-1414

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