299 Adena Dr - Hospitality FOR SALE


Newcomerstown, OH 43832
$1,095,000 USD
818-851-3300
299 Adena Dr, Newcomerstown, OH for Sale
$1,095,000 USD
Hospitality - FOR SALE
1/6
null | Request Cap Rate

299 Adena Dr
Newcomerstown, OH 43832


HIGHLIGHTS

  • 62 Rooms, Exterior Corridor Hotel
  • Located off Interstate 77, Gateway between Cleveland, Columbus & Pittsburgh and Southeast OH
  • Consistent Interstate Traffic Makes it an Attractive Lodging Market for Both Leisure and Business Travelers
  • Trucks/ RV/ Trailers and Bus Parking
  • Seller Highly Motivated: All Reasonable Offers Considered
  • Asking Less than $20,000 Per Key

OVERVIEW

This 62-room, two-story exterior-corridor hotel is strategically located in Newcomerstown, Ohio, within Tuscarawas County. Positioned between Cleveland, Columbus, and Pittsburgh, and approximately one hour from Akron-Canton Airport, the property offers excellent accessibility via Interstate 77, a major transportation corridor serving both business and leisure travelers throughout the region. The hotel is in very good condition, having benefited from extensive interior and exterior renovations in recent years. Constructed with durable concrete block construction, the property requires only minimal capital improvements. Guestrooms have been substantially updated, and the hotel features several enhanced amenities, including an inviting lobby, breakfast area, guest laundry facilities, and select rooms equipped with Jacuzzi tubs. The property also presents a unique operational advantage with two currently vacant rooms utilized for office and maintenance purposes. These spaces could potentially be combined and converted into a spacious four- to five-room manager's apartment, creating additional value and operational flexibility for an owner-operator. Offered at less than $20,000 per key, the hotel represents an attractive investment opportunity with significant upside potential in a market with limited lodging competition and stable year-round demand. Newcomerstown serves as a regional hub for travelers visiting east-central Ohio and is known for its middle-America hospitality, rich history, and proximity to numerous recreational and cultural attractions. Visitors are drawn to the area's outdoor recreation, local events, historic landmarks, and convenient access to destinations throughout Tuscarawas County and the surrounding region. The local economy is supported by a diverse mix of industries, including manufacturing, logistics, healthcare, education, agriculture, and energy-related businesses. These sectors generate consistent commercial lodging demand, while family travel, regional events, and leisure visitation provide additional occupancy drivers. With limited new hotel development in the area, the property is well-positioned to capitalize on both transient and business travel demand. For investors seeking an affordable hospitality asset with strong physical condition, low replacement cost, and multiple avenues for revenue growth, the Super 8 Newcomerstown presents a compelling opportunity in a stable Midwest market In cooperation with Thomas D'Amico (OH Lic #BRKP.0000177678).

FOR SALE DETAILS

PRICE

$1,095,000 USD

PRICE/SF

$31 USD /SF

# OF ROOMS

62

PRICE/ROOM

$17,661 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Super 8 by Wyndham Newcomerstown

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1985

PARKING SPACES

107

LAND DETAILS

LAND ACRES

2.14 AC

LAND SF

93,218 SF

ZONING

Commercial

APN/PARCEL ID

4502516001

ASK ABOUT THIS PROPERTY

Steve PostAmber Hotel CompanyMore Info
818-851-3300

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Steve PostAmber Hotel CompanyMore Info
818-851-3300

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