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2 PROPERTIES - Best Western and All American Inn
351 Milan Ave. & 415 Milan Ave., Norwalk, OH 44857
N/A
124
50,500 SF
Hotel & Motel
Economy/ Limited Service
Investment
12.60%
$72
40%
Yes
4 SF
-
Last Verified 7/7/2009
Listing ID 15583903
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
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
Map of 351 Milan Ave. & 415 Milan Ave., Norwalk, OH 44857 (Huron County)
Created 2/26/2008
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.