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Town Inn 1901 Clark Ave 9 Room Hotel Wellsville, OH 43968 $600,000 ($66,667/Room)
Investment Highlights
- 2,034 SF building
- Built in 1970
- Prime Ohio location
Executive Summary
Coldwell Banker Commercial Schmidt Realty is pleased to announce the availability of Town Inn, located at 1901 Clark Ave, Wellsville, OH 43968, situated on approximately 0.1148 acres. This 7-unit, 2,034 SF property, originally constructed in 1970 as a motel, is fully occupied and offers a strong, in-place income stream. The asset consists of six studio units, averaging approximately 275 SF and currently rented at $675 per unit, along with one 1-bedroom/1-bath unit of approximately 300 SF rented at $775, demonstrating a stable and attractive rental history. A motel license is available, allowing for hotel business operations, and the next operator has the opportunity to convert the rooms back to motel use, with an existing **average daily rate (ADR) of $110 and a revenue per available room (RevPAR) of $62.49, presenting a compelling value-add opportunity.
The property benefits from a stable local demographic base supported by a regional trade area serving portions of eastern Ohio and nearby West Virginia, a manageable unemployment rate reflective of a working-class economy, and proximity to the Ohio River, local employers, outdoor recreation, and regional travel corridors that drive consistent lodging demand.
The property benefits from a stable local demographic base supported by a regional trade area serving portions of eastern Ohio and nearby West Virginia, a manageable unemployment rate reflective of a working-class economy, and proximity to the Ohio River, local employers, outdoor recreation, and regional travel corridors that drive consistent lodging demand.
Property Facts
| Price | $600,000 | Building Size | 2,832 SF |
| Price Per Room | $66,667 | No. Rooms | 9 |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Hospitality | Year Built/Renovated | 1970/2020 |
| Property Subtype | Hotel | Parking Ratio | 2.82/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.35 AC | Opportunity Zone |
Yes
|
| Zoning | C-5 Districts - C-5 Districts is to provide for uses which are compatible only with highway travel and the accommodation of all-night and rest stop services | ||
| Price | $600,000 |
| Price Per Room | $66,667 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 2,832 SF |
| No. Rooms | 9 |
| No. Stories | 1 |
| Year Built/Renovated | 1970/2020 |
| Parking Ratio | 2.82/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | C-5 Districts - C-5 Districts is to provide for uses which are compatible only with highway travel and the accommodation of all-night and rest stop services |
Amenities
- High Speed Internet Access
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 9 | $55.00 | - |
1 1
Property Taxes
| Parcel Number | 8401743000 | Improvements Assessment | $4,240 |
| Land Assessment | $1,330 | Total Assessment | $5,570 |
Property Taxes
Parcel Number
8401743000
Land Assessment
$1,330
Improvements Assessment
$4,240
Total Assessment
$5,570
Contacts
-
Coldwell Banker Commercial Schmidt Realty Jeremy Bates -
Elvis A
Amor PA MSIRE
- Coldwell Banker Commercial Schmidt Realty
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Presented by
Coldwell Banker Commercial Schmidt Realty
Town Inn | 1901 Clark Ave
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