445 E Alexis Rd - Hospitality FOR SALE


Toledo, OH 43612
$4,400,000 USD
248-931-7694
445 E Alexis Rd, Toledo, OH for Sale
$4,400,000 USD
Hospitality - FOR SALE
1/5
null | 12.56% Cap Rate

445 E Alexis Rd
Toledo, OH 43612


HIGHLIGHTS

  • Recently Renovated: Major renovations completed between 2021-2023.
  • Strong NOI Margin: Achieved a 39.2% NOI margin in 2023.
  • Development Boost: Over $1 billion is being invested in downtown development in 2024, including the $200 million renovation of the Nicholas and Spitze

OVERVIEW

Investment Overview The Quality Inn located in Toledo, Ohio, is a two-story, 80 room hotel that was built in 1987 and underwent a renovation between 2021-2023. Situated on 1.99 acres near U.S. Highway 24 and Interstate 75, this well-positioned property provides easy access to Toledo Speedway, Outdoor enthusiasts can enjoy year-round activities at the 1,850-acre Maumee Bay State Park on Lake Erie, from winter skiing to summer boating. Nearby, thrill-seekers can visit Cedar Point Amusement Park, the Toledo Zoo, or the University of Toledo’s John F. Savage Arena. The hotel offers a range of amenities including a Complimentary Breakfast ensuring a comfortable and convenient stay for guests.

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$121 USD /SF

# OF ROOMS

80

PRICE/ROOM

$55,000 {currency}

CAP RATE

12.56%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quality Inn Alexis Road Toledo

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1987

PARKING SPACES

83

LAND DETAILS

LAND ACRES

1.99 AC

LAND SF

86,684 SF

ZONING

CR, Toledo

APN/PARCEL ID

22-43451

ASK ABOUT THIS PROPERTY

Jasnayak SohiThe Sohi GroupMore Info
248-931-7694

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Jasnayak SohiThe Sohi GroupMore Info
248-931-7694

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