1530 Cleveland Rd - Hospitality FOR SALE


Sandusky, OH 44870
$3,100,000 USD
216-916-7778
1530 Cleveland Rd, Sandusky, OH for Sale
$3,100,000 USD
Hospitality - FOR SALE
1/131
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1530 Cleveland Rd
Sandusky, OH 44870


OVERVIEW

Welcome to the heart of the Lake Erie Shores & Islands region and get ready to tap into the 2.7-billion-dollar tourism impact on Erie County! This 103-unit hotel is just waiting for new owners to host the 13 million annual visitors to our region. Located just 5 minutes from Cedar Point, Cedar Point Sports Center/Sports Force Parks and downtown Sandusky, this is the ideal location for year-round rental opportunity. Other amenities include a working lobby, full-service restaurant including equipment, a 1-bedroom house, a county liquor permit (does not include state license), fully furnished guest rooms, swimming pool, courtyard and laundry facilities. There are 11 parcels in total included in the sale providing ample parking or room for expansion. Roughly 3.7 acres. Some recent upgrades include a new HVAC system, apartment style refrigerators in rooms, and an electronic door lock system on all guest rooms. Full maintenance staff has maintained property while being used for employee housing. Please see attached list for inventory included in the sale or request directly from listing agent. Room types include: 1 - 2 King bedroom with kitchen, 5 - King Studios, 25 - Single King, 65 - Two Doubles and 7 - Single Double

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$100 USD /SF

# OF ROOMS

103

PRICE/ROOM

$30,097 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

East Sandusky Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1951

PARKING SPACES

125

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

Commercial

APN/PARCEL ID

57-00766-000,57-00767-000,57-00768-000

ASK ABOUT THIS PROPERTY

Greg ErlangerThe EZ Referral NetworkMore Info
216-916-7778

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Greg ErlangerThe EZ Referral NetworkMore Info
216-916-7778

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