2939 S Arlington Rd - Hospitality FOR SALE


Akron, OH 44312
$2,950,000 USD
248-207-6307
2939 S Arlington Rd, Akron, OH for Sale
$2,950,000 USD
Hospitality - FOR SALE
1/14
null | Request Cap Rate

2939 S Arlington Rd
Akron, OH 44312


OVERVIEW

This prime investment opportunity is now open for offers. Located at a major exit (Exit 120, Arlington Rd.) in Akron, Ohio, this 121-room Red Roof Inn sits on 4.51 acres adjacent to Walmart and major shopping centers. The property is currently closed following the resolution of all previous legal issues and is ready for new ownership. Key property highlights include: - Performance: Average annual income over the last three years exceeds $1.2 to 1.6 million. - Condition: Recently updated with minimal Property Improvement Plan (PIP) requirements. - Location: High-traffic area near fuel, dining, lodging, and entertainment. Call for Offers | Deadline: March 15th Please ensure your proposal includes the following details: - Proposed purchase price. - Deal timing (Due Diligence and Closing periods). - Earnest Money deposit amount and the timeline for becoming non-refundable. - Assumptions regarding the cost and timing of the Change of Ownership PIP. - Documentation regarding your source of equity and financing plan. Please attach any additional supporting materials to your bid and send proposals directly to joe.manuel@myrealtyselect.com.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$58 USD /SF

# OF ROOMS

121

PRICE/ROOM

$24,380 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Roof Inn Akron

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1989

PARKING SPACES

149

LAND DETAILS

LAND ACRES

4.51 AC

LAND SF

196,530 SF

ZONING

N/Av, Springfield

APN/PARCEL ID

51-08892

ASK ABOUT THIS PROPERTY

Joseph ManuelMy Realty LLCMore Info
248-207-6307

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Joseph ManuelMy Realty LLCMore Info
248-207-6307

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