1066 1st Ave - Hospitality FOR SALE


Gallipolis, OH 45631
$699,000 USD
740-794-0915
1066 1st Ave, Gallipolis, OH for Sale
$699,000 USD
Hospitality - FOR SALE
1/22
null | Request Cap Rate

1066 1st Ave
Gallipolis, OH 45631


HIGHLIGHTS

  • Within walking Distance to Downtown Gallipolis
  • Riverfront Property
  • Within 2.5 miles of the Gallia-Meigs Regional Airport
  • Within 18 miles of Nucor Steel of WV
  • Within 10 miles of Kyger Creek and Gavin Power Plants
  • 4 miles from Holzer Health Systems

OVERVIEW

Here's your chance to own a Riverfront Mini-Motel with an attached residence. Embrace your entrepreneurial spirit & capitalize on the endless opportunities this property offers. Continue the current steady business or invest to become the first Boutique Motel in Gallipolis! This well-established property boasts great online reviews & features 7 guest rooms, consisting of 6 Single Units & 1 Suite. Each Single Unit includes a TV, microwave, mini fridge, desk & sitting area. The recently remodeled Suite offers a private bedroom, bathroom & separate living area with kitchenette. Two more potential units are located on the second floor. Convenient access from First & Second Avenues. Easy 1 mile stroll to Downtown restaurants, shops & historic riverfront park. Utilize the 3 bedroom, 1 bath home as your on-site residence or as an additional rental unit! More opportunity lies in the river front lot just below the Motel. At approximately 0.75 acres, this prime river frontage awaits development! The owner's family has cared for & maintained this property over the last 46 years. Don't miss out on this RARE opportunity to own THE ONLY, Downtown Riverfront Motel! Qualified Investors Only!

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$238 USD /SF

# OF ROOMS

11

PRICE/ROOM

$63,545 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Iconic Mini-Motel with Riverfront Property

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1940

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,920 SF

ZONING

-

APN/PARCEL ID

007-038-002-01,007-038-006-00,007-038-038-00

ASK ABOUT THIS PROPERTY

Melissa BowmanWiseman Real EstateMore Info
740-794-0915

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Melissa BowmanWiseman Real EstateMore Info
740-794-0915

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