6625 Dean Memorial Pky - Hospitality FOR SALE


Hudson, OH 44236
$3,500,000 USD
312-371-6550
6625 Dean Memorial Pky, Hudson, OH for Sale
$3,500,000 USD
Hospitality - FOR SALE
1/8
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6625 Dean Memorial Pky
Hudson, OH 44236


OVERVIEW

* UNDER CONTRACT* Re-Branding or Re-Development Opportunity. Building could also be used for hotel, apartments, senior living or healthcare. The Norwood Inn – Hudson OH is available again. It’s been closed for 18 months, has been broken into and had some copper stolen. It is fighting condemnation and there looks to be some mold, asbestos so there is a good opportunity to pick it up for a lot less than we were just under contract for – which was $4m. I think 3m could get this done. It will need a full rehab or to be scraped. The recent buyer was going to do a 55+ community, which the city seemed to be embracing. Multi-family is not likely to get through village council approval.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$24 USD /SF

# OF ROOMS

239

PRICE/ROOM

$14,644 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

under contract AS OF 11/1/24. dnc

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1967

PARKING SPACES

402

LAND DETAILS

LAND ACRES

8.24 AC

LAND SF

359,004 SF

ZONING

C-410, Hudson

APN/PARCEL ID

13-01028

ASK ABOUT THIS PROPERTY

Mike GeorgeAvison Young Hotel GroupMore Info
312-371-6550

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Mike GeorgeAvison Young Hotel GroupMore Info
312-371-6550

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