Town Inn 1901 Clark Ave 9 Room Hotel Wellsville, OH 43968 $600,000 ($66,667/Room)

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.