1313 W Saint James Lutheran Way - Hospitality FOR SALE


Columbus, OH 43228
$4,200,000 USD
740-480-3918
1313 W Saint James Lutheran Way, Columbus, OH for Sale
$4,200,000 USD
Hospitality - FOR SALE
1/24
null | 9.66% Cap Rate

1313 W Saint James Lutheran Way
Columbus, OH 43228


HIGHLIGHTS

  • Strategic Location: Easy access to I-70 and I-71, connecting guests to downtown Columbus and surrounding areas.
  • Proximity to Demand Generators: Minutes from Nationwide Arena, Ohio State University, and Greater Columbus Convention Center.
  • Brand Recognition: Operates under Choice Hotels’ Rodeway Inn brand, providing marketing support and loyalty-driven business.
  • Value-Add Opportunity: Potential to enhance ADR and occupancy rates through renovations and operational improvements.
  • Guest Amenities: Free Wi-Fi, ample parking, and pet-friendly policies to cater to a broad traveler base.
  • Tourism and Business Hub: Columbus is one of the fastest-growing metros in the Midwest, attracting diverse travelers year-round.

OVERVIEW

PLEASE DO NOT VISIT OR CONTACT THE STAFF, MANAGEMENT OR OWNERSHIP OF THE PROPERTY DIRECTLY. KINDLY CONDUCT ALL INQUIRIES THROUGH OUR OFFICE. THANK YOU IN ADVANCE FOR YOUR UNDERSTANDING AND COOPERATION!! Property Description This Rodeway Inn presents a rare chance to acquire an affordable hospitality asset in Columbus, a city known for its vibrant economy and diverse visitor base. Positioned near major roadways, this property offers consistent demand from travelers drawn by the city’s numerous business hubs, universities, and entertainment venues. With essential guest amenities and room for operational growth, the Rodeway Inn is well-suited for immediate revenue generation and value-add potential. Location Description Nestled just off Interstate 70 and within minutes of downtown Columbus, the Rodeway Inn benefits from exceptional connectivity to the city’s top attractions, corporate offices, and universities. Its strategic location near key transit routes ensures high visibility and steady demand from leisure and business travelers alike. Highlights Strategic Location: Easy access to I-70 and I-71, connecting guests to downtown Columbus and surrounding areas. Proximity to Demand Generators: Minutes from Nationwide Arena, Ohio State University, and Greater Columbus Convention Center. Brand Recognition: Operates under Choice Hotels’ Rodeway Inn brand, providing marketing support and loyalty-driven business. Value-Add Opportunity: Potential to enhance ADR and occupancy rates through renovations and operational improvements. Guest Amenities: Free Wi-Fi, ample parking, and pet-friendly policies to cater to a broad traveler base. Tourism and Business Hub: Columbus is one of the fastest-growing metros in the Midwest, attracting diverse travelers year-round. Affordable Asset: Positioned as a cost-effective investment with attractive upside potential. Consistent Demand: Reliable year-round traffic from local events, conferences, and university activities.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$83 USD /SF

# OF ROOMS

117

PRICE/ROOM

$35,897 {currency}

CAP RATE

9.66%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rodeway Inn Columbus

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1987

PARKING SPACES

118

LAND DETAILS

LAND ACRES

2.57 AC

LAND SF

111,949 SF

ZONING

C4, Columbus

APN/PARCEL ID

570-207089

ASK ABOUT THIS PROPERTY

Anish Shahe-Merge Commercial Real EstateMore Info
740-480-3918

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Anish Shahe-Merge Commercial Real EstateMore Info
740-480-3918

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