2463 E Sharon Rd - Hospitality FOR SALE


Cincinnati, OH 45241- Sharonville
$3,800,000 USD
614-450-2510
2463 E Sharon Rd, Cincinnati, OH for Sale
$3,800,000 USD
Hospitality - FOR SALE
1/16
null | Request Cap Rate

2463 E Sharon Rd
Cincinnati, OH 45241
Sharonville


HIGHLIGHTS

  • The property has been renovated and requires zero immediate PIP (Property Improvement Plan). You can start leasing corporate units Day 1
  • Adjacent to I-75/I-275 and minutes from the Ford Plant and Sharonville Convention Center
  • By targeting corporate contracts ($2,000/mo), you reduce OpEx (housekeeping/marketing) while stabilizing cash flow.
  • Visiting engineers don't want a "man camp," but they don't want a 12-month apartment lease. We fill the gap with "Executive Efficiency" suites.
  • High Barrier-to-Entry Market: The desirable location and established nature of the area limit the threat of new competition, protecting market share

OVERVIEW

The Quality Inn Sharonville is a turnkey hospitality asset located in the heart of Cincinnati's industrial corridor. While it currently operates successfully as a transient hotel, the highest and best use lies in pivoting to Corporate Extended Stay. The Sharonville/Blue Ash submarket is home to major employers like the Ford Transmission Plant and GE Aviation suppliers. These companies rely on a constant rotation of process engineers, safety inspectors, and corporate trainers. The Opportunity: Acquire a meticulously maintained, 60-key asset at ~$63k per key. Pivot operations from nightly tourism to Monthly Corporate Leases for industrial professionals. WHY SHARONVILLE? THE INDUSTRIAL ENGINE Sharonville is the "Workshop of Cincinnati," hosting a density of advanced manufacturing and corporate HQs that drives consistent business travel. 1. The Anchor: Ford Sharonville Transmission Plant Driver: A massive employer that constantly cycles in specialized engineering and retooling teams from Detroit and global offices. The Need: These professionals typically stay for 3–9 months. They require clean, safe, and modern housing with amenities like a gym and breakfast. 2. The Tech & Aerospace Corridor Driver: The I-75 corridor north of Cincinnati is a hub for aerospace suppliers (GE Aviation ecosystem) and logistics tech. Impact: High demand for "Project-Based" housing for consultants and IT implementation teams. 3. The Convention Center Driver: The Sharonville Convention Center brings in trade show vendors and event staff who need affordable, week-long accommodations. The Units • Work-Ready: Convert standard hotel desks into proper workstations with ergonomic chairs and enhanced lighting. • Tech-Enabled: Upgrade to enterprise-grade fiber Wi-Fi (critical for engineers uploading large files). • Comfort: Keep the high-quality hotel bedding but add "extended stay" touches like larger mini-fridges and premium coffee makers. The Amenities (The "Third Place") • Co-Working Lounge: Convert the breakfast area into a 24/7 co-working space with free coffee. This allows guests to work "from home" without being stuck in their room. • Wellness Focus: The existing fitness center and indoor pool are major selling points for white-collar workers who value health. • Security: 24-hour front desk provides a level of service and safety that Airbnb or apartments cannot match. THE "GOLDILOCKS" SOLUTION Corporate apartments require 3-month minimums, credit checks, and utility setups. Hotels are too expensive ($120/night) for long-term projects. Our Competitive Moat: 1. Flexibility: We offer monthly terms with zero friction (no utility setup, no credit check). 2. All-Inclusive: Rate includes rent, utilities, Wi-Fi, gym, pool, and breakfast. 3. Price: At $2,000/month, we are significantly cheaper than a corporate apartment ($3,500+) or a standard hotel stay ($3,600+).

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$110 USD /SF

# OF ROOMS

60

PRICE/ROOM

$63,333 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

THE "EXECUTIVE LODGE" OPPORTUNITY

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1999

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.24 AC

LAND SF

54,014 SF

ZONING

Commercial

APN/PARCEL ID

608-0016-0012,608-0016-0014

ASK ABOUT THIS PROPERTY

Priyanshu AdathakkarRed One RealtyMore Info
614-450-2510

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Priyanshu AdathakkarRed One RealtyMore Info
614-450-2510

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