Motel Boutique by Wolf Inn * Close to Ohio Turnpike & Several Amusement Parks

Ohio, United States

$2000000

Sale conditions: Market

Snapshot

Active

Type: Motel
Sub Type: Limited Service
Chain / Market Scale: Independent
Corridor: Exterior
No. of Keys: 54
Site Size: 9.17 AC

54 unit property: manageable, easy-to-operate size for a first-time buyer or owner-operator.

Close to I-90 (Ohio Turnpike) and minutes from Kalahari indoor water park, Cedar Point Amusement Park, Sports Force Park, Lake Erie, Shoreline Park, and more.

Growing revenue: FY 2023 revenue was $480,357 and Q2-Q3 2023 revenue was 17% higher than the same period for previous year.

Growing demand: Development projects, including $15 million Lake Erie Arms indoor shooting facility and mixed-use center, slated to open next year.

Highlights:

General Property Information


Property Name:
Property Type: Motel
Property Sub Type: Limited Service
Chain / Market Scale: Independent
Corridor: Exterior
Keys: 54
Room SF: 288
Building Status: Existing
No. of buildings: 3
Stories: 1
Site size: 9.17 AC
Parking Type: Surface
Construction Type: Masonry
Year Build: 1960
Room Inventory Description:

Address:12211 US 250 North Milan, OH 44846
Units: 54
Unit Size: 288 square feet (approx.)
Buildings & Stories: 3 buildings - 1 building is 1 story, 1 building is mixed 1 & 2 stories, 1 building is 2 stories
Amenities: Outdoor pool, on-site restaurant (leased)
Corridors: Exterior
Year Built: 1960
Land Area: 9.17 acres
Construction: Masonry
Heating & Cooling: Individual PTAC units
Roof Pitched & Shingled, Flat Rubber, Metal
Parcel Number(s): #50-00105.000 & #50-00269.001 (Erie County)

Common area amenities:

Outdoor Pool

Leased Restaurant

Source of Business:

Leisure

Additional Links:

Location


Country: United States
State: Ohio
Postal Code:
APN/Parcel ID:
Location Type:
Location Overview:

Brokers

Errol Anthony D'Souza, CHB

President, Principal Broker
Laurel Real Estate Company

FL #BK3479090
OH #BRK.2002016764

740 965 1966
edsouza@laurelsales.com


Lauren D'Souza

Senior Associate
Laurel Real Estate Company


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