5225 Old Lake Rd - Hospitality FOR SALE


Geneva, OH 44041
$1,850,000 USD
440-812-2542
5225 Old Lake Rd, Geneva, OH for Sale
$1,850,000 USD
Hospitality - FOR SALE
1/14
null | Request Cap Rate

5225 Old Lake Rd
Geneva, OH 44041


HIGHLIGHTS

  • Private Lake Erie Beach/Waterfront
  • 3 bed Airbnb
  • 15 Rooms and Janitorial/Manager Suite

OVERVIEW

Lake Erie Front Investment Opportunity on the Geneva-on-the-Lake Strip! Don't miss this rare opportunity to own a 17-unit motel with a private beach area in the heart of Geneva-on-the-Lake's famous strip. Most rooms boast stunning Lake Erie views and have been completely updated within the last two years, making this a truly turn-key investment. As an added bonus, a spacious 3-bedroom, 2-bath Airbnb awaits, offering breathtaking sunrise and sunset views over the lake. This unit features an open-concept layout, seamlessly blending the living, dining, and kitchen areas with a sunroom and large island, creating the perfect vacation atmosphere . The solid brick structure ensures durability, and a dedicated lower-level owner's or janitorial suite provides convenient on-site living for a caretaker or manager. New smart locks with remote access!! Properties like this rarely hit the market, don't hesitate! Contact your agent today for more details on this prime lakeside investment Additional Motel available across the street with an in-ground pool at $1,450,000

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$226 USD /SF

# OF ROOMS

17

PRICE/ROOM

$108,824 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pete's Lakefront Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1960

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

C

APN/PARCEL ID

210300000100

ASK ABOUT THIS PROPERTY

Clorice DlugosMcDowell Real Estate ServicesMore Info
440-812-2542

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Clorice DlugosMcDowell Real Estate ServicesMore Info
440-812-2542

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