2329 N Ridge Rd E - Hospitality FOR SALE


Ashtabula, OH 44004
$1,199,000 USD
740-480-3918
2329 N Ridge Rd E, Ashtabula, OH for Sale
$1,199,000 USD
Hospitality - FOR SALE
1/1
null | 9.88% Cap Rate

2329 N Ridge Rd E
Ashtabula, OH 44004


HIGHLIGHTS

  • Prominent visibility along North Ridge Road East with accessible frontage
  • Well-appointed lobby area designed for efficient guest arrivals
  • Multiple guest room types tailored to varying traveler needs
  • Dedicated service corridors enable smooth on-site operations
  • Outdoor amenity spaces support guest relaxation and events
  • Opportunity for branded hospitality conversion or independent boutique concept

OVERVIEW

Discover the vibrant possibilities of Ashtabula, Ohio, the perfect location for your next hospitality investment. This charming area offers a dynamic blend of natural beauty, including the stunning Lake Erie, as well as cultural attractions like the Ashtabula Arts Center and the Hubbard House Underground Railroad Museum. Visitors will be drawn to the nearby historic Ashtabula Harbor, a scenic waterfront district featuring quaint shops, dining, and entertainment options. With easy access to wineries, golf courses, and outdoor recreation, the area provides endless opportunities for a successful hospitality or full-service venture. Embrace the potential of this thriving community and create a memorable destination experience at your next investment location.

FOR SALE DETAILS

PRICE

$1,199,000 USD

PRICE/SF

$136 USD /SF

# OF ROOMS

22

PRICE/ROOM

$54,500 {currency}

CAP RATE

9.88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Economy Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1955

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,725 SF

ZONING

Motel

APN/PARCEL ID

030430001600

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.