2137 E Lincoln Way - Hospitality FOR SALE


Wooster, OH 44691
$1,095,000 USD
330-722-5002
2137 E Lincoln Way, Wooster, OH for Sale
$1,095,000 USD
Hospitality - FOR SALE
1/11
null | Request Cap Rate

2137 E Lincoln Way
Wooster, OH 44691


HIGHLIGHTS

  • Price per SF: $65.57/SF
  • 40 Units Available: 1-Bedroom, 1-Bath with Shower Tub in Each Unit with their Own Mini-Split System
  • 1 Apartment with Kitchen, Living Room, and Bedrooms that is Currently Rented
  • On-Site Employee Laundry Facility, Fitness Center, and Heated Indoor Pool
  • Utilities: Water - Well | Electric - American Electric Power (AEP) | Gas - Enbridge Gas | Sewer
  • Repurpose Ideas Include: Affordable/Workforce Housing, Transitional/Supportive Housing or Medical/Behavioral Health Facility

OVERVIEW

Asking Price: $1,095,000 - Price Per Unit ($27,375 Per Unit) Available: 16,698 SF | Acres: 1.795 AC Price per SF: $65.57/SF 40 Units Available: 1-Bedroom, 1-Bath with Shower Tub in Each Unit with their Own Mini-Split System 1 Apartment with Kitchen, Living Room, and Bedrooms that is Currently Rented On-Site Employee Laundry Facility, Fitness Center, and Heated Indoor Pool Utilities: Water - Well | Electric - American Electric Power (AEP) | Gas - Enbridge Gas | Sewer Future Buyer Cannot Operate the Property as a Motel Due to Restrictions Repurpose Ideas Include: Affordable/Workforce Housing, Transitional/Supportive Housing or Medical/Behavioral Health Facility Parking: ±30 Spaces – Can be Expanded Roof Replaced: 2017 Year Built: 1987 and 1988 2025 Annual Real Estate Taxes: $12,256.86

FOR SALE DETAILS

PRICE

$1,095,000 USD

PRICE/SF

$20 USD /SF

# OF ROOMS

89

PRICE/ROOM

$12,303 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Motel Repurpose Opportunity - Apartments

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1985

PARKING SPACES

123

LAND DETAILS

LAND ACRES

3.3 AC

LAND SF

143,748 SF

ZONING

410 Hotels & Motels

APN/PARCEL ID

56-02543-002,56-02543-018

ASK ABOUT THIS PROPERTY

Sam TeccaGerspacher Real Estate GroupMore Info
330-722-5002

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Sam TeccaGerspacher Real Estate GroupMore Info
330-722-5002

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