This Hotel & Motel Property is Off-Market.

351 Milan Ave. & 415 Milan Ave.
Norwalk, OH 44857 ·

124 Rooms · Hotel & Motel For Sale

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2 PROPERTIES - Best Western and All American Inn

Price N/A Property Use Type Investment
No. Rooms 124 Cap Rate 12.60%
Building Size 50,500 SF Average Daily Rate $72
Property Type Hotel & Motel Corridor Interior
Property Sub-type Economy/Limited Service Lot Size 4 SF
Listing ID: 15583903 Date Created: 02/26/2008 Last Updated: 07/07/2009

Description

*OWNER FINANCING AVAILABLE WITH 10% DOWN!
PRICED AT 3.0 x GRM
Two properties side-by-side
Number of Rooms: 61 & 63 = 124 combined
Floors & Cooridors: Two & Three Story Interior
Year Built: 1996 & 2000
Total Building Size: 50,500 Square Feet
Parcel Size: 4+/- Acres
Meeting Facilities: Two Meeting Rooms
Amenities: Indoor pool, Sauna, Jacuzzi, Continental Breakfast, Exercise Room, Guest Laundry, HI Speed Internet Access, Whirlpool Suites, Arcade

FOR MORE INFORMATION FILL OUT THE ATTACHED CONFIDENTIALITY AGREEMENT AND RETURN TO US.

Norwalk has a population of 16,000 people and is located midway between Cleveland and Toledo. Norwalk is just a 20 minute drive from Lake Erie's coasts and Sandusk's Amusement & Waterparks. It is also minutes from the Norwalk Resevoir, Firelands Museum, and Milan Museum. Norwalk is also within a hour drive from Rock and Roll Hall of Fame, Six Flags, Sea World and the Toledo Zoo. Norwalk is accessed by Interstate 80/90, also known as the Ohio Turnpike

Highlights

  • Owner Financing Available
  • Quick Closing
  • Consistent Revenues over last 4 years
  • Priced at 3.0 GRM
  • 10% Down yields 29% Cash on Cash Return
  • Upside Potential for Owner-Operator

Research

351 Milan Ave. & 415 Milan Ave., Norwalk, OH 44857 (Huron County)

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