1901 Clark Ave - Hospitality FOR SALE


Wellsville, OH 43968
$600,000 USD
216-299-8799
1901 Clark Ave, Wellsville, OH for Sale
$600,000 USD
Hospitality - FOR SALE
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1901 Clark Ave
Wellsville, OH 43968


HIGHLIGHTS

  • 2,034 SF building
  • Prime Ohio location
  • Built in 1970

OVERVIEW

Coldwell Banker Commercial Schmidt Realty is pleased to announce the availability of Town Inn, located at 1901 Clark Ave, Wellsville, OH 43968, situated on approximately 0.1148 acres. This 7-unit, 2,034 SF property, originally constructed in 1970 as a motel, is fully occupied and offers a strong, in-place income stream. The asset consists of six studio units, averaging approximately 275 SF and currently rented at $675 per unit, along with one 1-bedroom/1-bath unit of approximately 300 SF rented at $775, demonstrating a stable and attractive rental history. A motel license is available, allowing for hotel business operations, and the next operator has the opportunity to convert the rooms back to motel use, with an existing **average daily rate (ADR) of $110 and a revenue per available room (RevPAR) of $62.49, presenting a compelling value-add opportunity. The property benefits from a stable local demographic base supported by a regional trade area serving portions of eastern Ohio and nearby West Virginia, a manageable unemployment rate reflective of a working-class economy, and proximity to the Ohio River, local employers, outdoor recreation, and regional travel corridors that drive consistent lodging demand.

FOR SALE DETAILS

PRICE

$600,000 USD

PRICE/SF

$212 USD /SF

# OF ROOMS

9

PRICE/ROOM

$66,667 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Town Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1970

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,182 SF

ZONING

C-5 Districts

APN/PARCEL ID

8401743000

ASK ABOUT THIS PROPERTY

Jeremy BatesColdwell Banker Commercial Schmidt RealtyMore Info
216-299-8799

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Jeremy BatesColdwell Banker Commercial Schmidt RealtyMore Info
216-299-8799

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