248-931-7694
804 S Leonard Ave, Lima, OH for Sale
Hospitality - FOR SALE
1/11
null | Request Cap Rate

804 S Leonard Ave
Lima, OH 45804


HIGHLIGHTS

  • Strong Financial Performance – The property generated $1.65M in total revenue and $614K in NOI (37.3% margin) in 2024, reflecting efficient operations
  • Operating Metrics – The hotel achieved a 69.7% occupancy rate, $87.51 ADR, and $61.02 RevPAR in 2024, demonstrating rate stability and strong demand
  • Prime Location – Strategically positioned off I-75, ensuring high visibility and accessibility for business and leisure travelers.

OVERVIEW

The Country Inn & Suites by Radisson Lima is a 72-room, three-story hotel built in 2007 and renovated in 2019, situated on 1.61 acres at 804 S Leonard Ave, Lima, OH 45840, just off Interstate 75. The property features key guest amenities, including a business center, indoor pool, and complimentary breakfast. Lima, Ohio, is a regional economic hub with a strong industrial and healthcare presence. Demand drivers include Ohio State University-Lima, Mercy Health - St. Rita’s Medical Center, the Veterans Memorial Civic & Convention Center, and the Lima Mall. An additional vacant land parcel within the same plaza is available, presenting potential for future development or expansion opportunities.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

72

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Country Inn & Suites by Radisson, Lima, OH

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2007

PARKING SPACES

94

LAND DETAILS

LAND ACRES

2.67 AC

LAND SF

116,306 SF

ZONING

Commercial

APN/PARCEL ID

47-05-00-01-008.003,47-05-06-01-002.000

ASK ABOUT THIS PROPERTY

Jasnayak SohiThe Sohi GroupMore Info
248-931-7694

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

Jasnayak SohiThe Sohi GroupMore Info
248-931-7694

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