934 N Leavitt Rd - Hospitality FOR SALE


Amherst, OH 44001
$3,800,000 USD
248-931-7694
934 N Leavitt Rd, Amherst, OH for Sale
$3,800,000 USD
Hospitality - FOR SALE
1/5
null | 11.19% Cap Rate

934 N Leavitt Rd
Amherst, OH 44001


HIGHLIGHTS

  • PIP Status: $150K remaining; $120K Wyndham incentives available upon completion.
  • 2023 Revenue: $1,130,953 | REVPAR: $35.53 | NOI: $425,410 (38% Margin)
  • 80-room, two-story hotel interior/exterior corridor hotel that includes a managers apartments
  • Located off Ohio State Route 2 and Interstate-90, 30 miles from Cleveland and Sandusky.
  • CAP Rate: 11.19% | Revenue Multiplier: 3.3x

OVERVIEW

The Days Inn Amherst is an 80-room, two-story hotel that includes a manager’s apartment and sits on 2.44 acres. Located at 934 N Leavitt Road, Amherst, OH 44001, off of Ohio State Route 2 & Interstate-90. Current ownership has began their PIP, roughly an estimated $100K-$150K remains. The hotel offers various common area amenities, including meeting space, breakfast area, an outdoor pool (Currently closed). Amherst, Ohio, is a charming city in Lorain County, about 30 miles west of Cleveland. Known for its sandstone quarrying history, it’s often called “The Sandstone Center of the World.” Amherst features a vibrant downtown with historic buildings, local shops, and restaurants, offering a small-town feel with suburban comforts. Its excellent schools, parks, and proximity to Lake Erie make it a welcoming community for families and visitors alike.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$89 USD /SF

# OF ROOMS

85

PRICE/ROOM

$44,706 {currency}

CAP RATE

11.19%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Days Inn Amherst

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1972

PARKING SPACES

140

LAND DETAILS

LAND ACRES

2.44 AC

LAND SF

106,286 SF

ZONING

C 2

APN/PARCEL ID

05-00-040-106-109

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.