3510 Commerce Dr - Hospitality FOR SALE


Franklin, OH 45005
$3,100,000 USD
901-674-6105
3510 Commerce Dr, Franklin, OH for Sale
$3,100,000 USD
Hospitality - FOR SALE
1/4
null | Request Cap Rate

3510 Commerce Dr
Franklin, OH 45005


HIGHLIGHTS

  • Strong historical revenue in 2021–2022
  • On-site manager’s quarters
  • Robotic kiosk for check-in and check-out
  • Renovated in 2025, including a new roof
  • Ideal for owner/operator

OVERVIEW

Prime I-75 Exit Asset | Interior Corridor Hotel: 51-room limited-service hotel positioned directly off Interstate 75 at Exit 32 (OH-122) in the high-traffic Franklin–Middletown submarket between Cincinnati and Dayton. Location benefits from exceptional visibility, effortless ingress/egress, and sustained pass-through demand along one of the Midwest’s busiest north–south corridors. Heavy Traffic Counts & Long-Term Infrastructure Upside: 2025 ODOT data confirms 73,340 AADT with 15,282 trucks, reinforcing durable commercial and transient demand. Ongoing I-75 enhancements through 2026–2027, including regional connectivity upgrades, further strengthen long-term accessibility and traffic flow. Turn-Key, Recently Renovated Asset: Originally built in 1993, the hotel features solid brick construction, a new roof, and extensive interior renovations completed by current ownership, including new FF&E, flooring, lighting, bathroom finishes, RFID keyless locks, and VOIP phone system—minimizing near-term CapEx. Attractive Basis with Clear Revenue Reversion: Offered at $3.10M (~$60,784 per key) following renovations. Historical performance demonstrates the ability to quickly restore revenues to 2021–2022 levels of $840K–$886K, versus recent ~$560K–$600K levels, through targeted management and rate optimization. Proven Historical Performance: - 2021–2022 RevPAR peaked at $38–$42 with occupancy as high as 68.7% - Recent years show stable ADR (~$68) but lower occupancy, highlighting management-driven upside rather than demand constraints Operational Efficiency Advantage: Includes a 2-bedroom on-site manager’s apartment, enabling cost control, rapid response, and hands-on oversight without reducing room count—ideal for owner-operators seeking margin expansion. Low-Cost Franchise Transfer | No PIP: Franchise transfer fee of approximately $6,000 with zero PIP expected, allowing seamless transition and immediate focus on operations. Flexible Operating Model: Current robot-operated check-in kiosk supports 24/7 operations while offering optional hybrid staffing strategies to further enhance NOI. Diverse, Year-Round Demand Drivers: Immediate proximity to Atrium Medical Center, Cleveland-Cliffs Middletown Works, Miami University Middletown, major logistics hubs, gaming, retail, and entertainment destinations drives consistent weekday and weekend occupancy. Established Interstate Lodging Cluster: Located within a mature hotel and traveler-services node at I-75 Exit 32, benefiting from shared demand capture, spontaneous bookings, and rate stability in a proven corridor. Strong Market Fundamentals: The Cincinnati–Dayton corridor continues to attract manufacturing investment, workforce expansion, and infrastructure spending, supporting projected RevPAR growth of ~3.3% in 2025–2026. Financing Available: Attractive financing options available for qualified buyers. Contact Parag Patel at 732-801-8187 for details. Compelling Risk-Adjusted Opportunity: Turn-key asset combining prime interstate location, recent renovations, operational efficiency, and measurable upside—well-suited for owner-operators and investors seeking stable cash flow with growth potential.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$122 USD /SF

# OF ROOMS

51

PRICE/ROOM

$60,784 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Roof Inn and Suites Middletown - Franklin

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1993

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.23 AC

LAND SF

53,579 SF

ZONING

Commercial

APN/PARCEL ID

07-03-277-001

ASK ABOUT THIS PROPERTY

Suresh PatelMoon Realty USA, LLCMore Info
901-674-6105

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Suresh PatelMoon Realty USA, LLCMore Info
901-674-6105

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