5225 Old Lake Rd - Hospitality FOR SALE
Geneva, OH 44041 |
$2,400,000 USD
614-238-8000
5225 Old Lake Rd
Geneva, OH 44041
HIGHLIGHTS
- Includes 2 boutique motels located across the street from one another - Pete's Lakefront Motel and The Palms Motel
- Both motels are located on Geneva-on-the-Lake's famous Strip
- Both motels have been extensively renovated with new partial roofs, vinyl plank flooring, mattresses, and more
- Amenities include private beach access, heated in-ground pool, and 2,000 sqft penthouse with potential to use as owner's suite or STR
FOR SALE DETAILS
PRICE
$2,400,000 USD
PRICE/SF
$585 USD /SF
# OF ROOMS
17
PRICE/ROOM
$141,176 {currency}
CAP RATE
8.3%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
2-Motel Boutique Portfolio
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
-
STORIES
1
ROOM ENTRANCE
Exterior
BUILDING CLASS
C
YEAR BUILT
1967
PARKING SPACES
20
LAND DETAILS
LAND ACRES
0.5 AC
LAND SF
21,587 SF
ZONING
C
APN/PARCEL ID
210300005900
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614-238-8000
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614-238-8000
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