298 Park Ave - Hospitality FOR SALE


Conneaut, OH 44030
$949,000 USD
440-228-7375
298 Park Ave, Conneaut, OH for Sale
$949,000 USD
Hospitality - FOR SALE
1/1
null | Request Cap Rate

298 Park Ave
Conneaut, OH 44030


OVERVIEW

This property is beyond the most beautiful piece of land on Lake Erie. The views are spectacular with views of the whole Conneaut Harbor with all the boat docks, lighthouse and boating activities. The 8 Unit motel features rooms on one side with a walk thru into a small kitchen table area and thru to another motel unit. Some units feature 2 single beds while others offer queen beds. All furniture, bedding etc. will stay with the sale. There is also an office/laundry unit plus great storage as well as an upstairs area for storage. Behind the motel you are greeted with a darling 2 bedroom.1 full bath ranch looking over the harbor as well. It features an eat-in kitchen with sliding doors out to a cement patio. Great spot for watching eagles soar, waves roar, large boats entering the harbor as well as beautiful sunsets and views of the Conneaut Lighthouse. This is one piece of property you don't want to pass up. The seller put new metal roofs on all buildings and new siding on the motel and ranch house. Just remember that the last time I checked, they're not making any more Lake front properties.

FOR SALE DETAILS

PRICE

$949,000 USD

PRICE/SF

$300 USD /SF

# OF ROOMS

8

PRICE/ROOM

$118,625 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1955

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

122030000200

ASK ABOUT THIS PROPERTY

April HowardAssured Real EstateMore Info
440-228-7375

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April HowardAssured Real EstateMore Info
440-228-7375

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