1940 Elida Rd - Hospitality FOR SALE


Lima, OH 45805
$900,000 USD
614-334-7805
1940 Elida Rd, Lima, OH for Sale
$900,000 USD
Hospitality - FOR SALE
1/1
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1940 Elida Rd
Lima, OH 45805


OVERVIEW

REDEVELOPMENT OPPORTUNITY. · 31-room independent, operating, economy class motel · Zoned B-2 allowing a wide array of permitted commercial uses · +/- 2.29 acre lot · Near the campus of The University of Northwestern Ohio (2021 full-time enrollment 3,746) · Near the Lima Mall (JC Penney, Hibbett Sports, Old Navy, Maurice’s, Books-A-Million) · Elida Road traffic: 10,610 vehicles per day · Robb Avenue traffic: 7,599 vehicles per day · Additional, adjacent +/- 0.44 acre parcel with 968 SF single family house available separately

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$77 USD /SF

# OF ROOMS

31

PRICE/ROOM

$29,032 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Colonial Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.29 AC

LAND SF

99,752 SF

ZONING

Commercial

APN/PARCEL ID

36-26-06-01-002.000

ASK ABOUT THIS PROPERTY

Matt CooperEquity, LLCMore Info
614-334-7805

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Matt CooperEquity, LLCMore Info
614-334-7805

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