2905 Milan Rd - Hospitality FOR SALE


Sandusky, OH 44870
$4,000,000 USD
805-557-8857
2905 Milan Rd, Sandusky, OH for Sale
$4,000,000 USD
Hospitality - FOR SALE
1/21
null | Request Cap Rate

2905 Milan Rd
Sandusky, OH 44870


HIGHLIGHTS

  • 112 units, 2 Story, Interior and Exterior Corridor
  • 10 minutes from Cedar Point
  • 2021 Room Revenue: $1,509,427.55, 2022 Room Revenue: $1,674,442, 2023 Room Revenue: $1,361,991
  • $67,200 Generated from Leased Restaurant Spaces
  • Offered at 2.94x Room Revenue Multiplier
  • Priced to sell at $35,714 Per Key

OVERVIEW

The Bowman Post Group of NewGen Advisory is pleased to announce the exclusive listing of the Wolf Inn Hotel in Sandusky, Ohio. This 112-room, two-story hotel, featuring an interior and exterior corridor design, is conveniently located just 10 minutes from Cedar Point, the renowned "Roller Coaster Capital of the World." Cedar Point attracts thrill-seekers from all over, but Sandusky offers much more than just amusement park excitement. Visitors can enjoy beautiful waterfront views, boating, fishing, and beach activities on Lake Erie. This property represents a prime investment opportunity in a city that draws families from near and far. For more information and to access finacials, please click here: https://airtable.com/appKi7yOZ4kk2VGe7/shrlgRHZHp0t1p6Oe Broker of Record: Thomas D'Amico | D'Amico Agency | License No.: 177678

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$109 USD /SF

# OF ROOMS

112

PRICE/ROOM

$35,714 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wolf Inn Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1959

PARKING SPACES

64

LAND DETAILS

LAND ACRES

3.03 AC

LAND SF

131,987 SF

ZONING

HC

APN/PARCEL ID

32-00153-000

ASK ABOUT THIS PROPERTY

Andrew PostNewGen AdvisoryMore Info
805-557-8857

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

Andrew PostNewGen AdvisoryMore Info
805-557-8857

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