201 3rd St - Hospitality FOR SALE


Fairport Harbor, OH 44077
$1,500,000 USD
216-298-3471
201 3rd St, Fairport Harbor, OH for Sale
$1,500,000 USD
Hospitality - FOR SALE
1/46
null | 7.32% Cap Rate

201 3rd St
Fairport Harbor, OH 44077


HIGHLIGHTS

  • Turnkey short-term rental with proven operating history
  • Stabilized RevPAN with clear upside as all units come fully online
  • In-place professional cleaning vendor
  • Self check-in via smart locks

OVERVIEW

This fully renovated short-term rental property is located in the heart of downtown Fairport Harbor, Ohio, just steps from lighthouses and the beach. The property benefits from exceptional walkability, small-town charm, and proximity to Lake Erie, making it a highly desirable lodging option in a supply-constrained waterfront market. The Suites present a unique opportunity for both seasoned operators and new entrants to the STR market. With stabilized performance, minimal operational friction, and an irreplaceable downtown location just steps from the beach, the asset combines immediate income with attractive long-term appreciation potential.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$146 USD /SF

# OF ROOMS

11

PRICE/ROOM

$136,364 {currency}

CAP RATE

7.32%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

TheSuites@Fairport-Harbor

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

Hotel, undefined

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1946

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

R-1

APN/PARCEL ID

14-A-002-0-00-001

ASK ABOUT THIS PROPERTY

Peter GrealisGrealis GroupMore Info
216-298-3471

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Peter GrealisGrealis GroupMore Info
216-298-3471

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