1100 Mediterranean Ave - Hospitality FOR SALE


Columbus, OH 43229
$10,750,000 USD
614-419-4286
1100 Mediterranean Ave, Columbus, OH for Sale
$10,750,000 USD
Hospitality - FOR SALE
1/33
null | Request Cap Rate

1100 Mediterranean Ave
Columbus, OH 43229


HIGHLIGHTS

  • COMPLETELY RENOVATED EXTENDED - STAY HOTEL BUILDING
  • 4 STORIES, 48,160 +/- SF BUILDING ON 2.02 AC
  • 102 FULLY FURNISHED ROOMS
  • ADA-COMPLIANT UNITS
  • OPTION TO CONVERT TO APARTMENTS
  • EXCELLENT INVESTMENT OPPORTUNITY - LOCATED IN AN OPPORTUNITY ZONE

OVERVIEW

COMPLETELY RENOVATED EXTENDED – STAY HOTEL BUILDING! 4 stories, 48,160 +/- SF on 2.02 +/- AC. Opportunity to convert to apartments if desired. 102 fully furnished rooms, entire building totally remodeled and renovated from the floors to the rooftop & parking lot. Each room includes a kitchen with dishwasher, beds, TV, phone, coffee maker, mattress and box spring, drapes, etc. 8 ADA-compliant units, 8 one-bedroom units leaving 86 studios, all with brand new fixtures and furniture. 2 elevators, full building has Wi-Fi, cable TV, & security cameras inside & outside. Great location with easy access to I-71 and 161. Minutes from the Shops at Worthington, Thomas Worthington High School, Crosswoods Apartments, and more. Don't miss this rare investment opportunity!

FOR SALE DETAILS

PRICE

$10,750,000 USD

PRICE/SF

$223 USD /SF

# OF ROOMS

108

PRICE/ROOM

$99,537 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

STATUS

Under Renovation

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Candlewood Suites Columbus North

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1988

PARKING SPACES

114

LAND DETAILS

LAND ACRES

2.02 AC

LAND SF

87,991 SF

ZONING

C4

APN/PARCEL ID

010-196700

ASK ABOUT THIS PROPERTY

Skip WeilerThe Robert Weiler CompanyMore Info
614-419-4286

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Skip WeilerThe Robert Weiler CompanyMore Info
614-419-4286

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