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Motel Repurpose Opportunity - Apartments 2137 E Lincoln Way 89 Room Hotel Wooster, OH 44691 $1,095,000 ($12,303/Room)
Investment Highlights
- Price per SF: $65.57/SF
- 1 Apartment with Kitchen, Living Room, and Bedrooms that is Currently Rented
- Utilities: Water - Well | Electric - American Electric Power (AEP) | Gas - Enbridge Gas | Sewer
- 40 Units Available: 1-Bedroom, 1-Bath with Shower Tub in Each Unit with their Own Mini-Split System
- On-Site Employee Laundry Facility, Fitness Center, and Heated Indoor Pool
- Repurpose Ideas Include: Affordable/Workforce Housing, Transitional/Supportive Housing or Medical/Behavioral Health Facility
Executive Summary
Asking Price: $1,095,000 - Price Per Unit ($27,375 Per Unit)
Available: 16,698 SF | Acres: 1.795 AC
Price per SF: $65.57/SF
40 Units Available: 1-Bedroom, 1-Bath with Shower Tub in Each Unit with their Own Mini-Split System
1 Apartment with Kitchen, Living Room, and Bedrooms that is Currently Rented
On-Site Employee Laundry Facility, Fitness Center, and Heated Indoor Pool
Utilities: Water - Well | Electric - American Electric Power (AEP) | Gas - Enbridge Gas | Sewer
Future Buyer Cannot Operate the Property as a Motel Due to Restrictions
Repurpose Ideas Include: Affordable/Workforce Housing, Transitional/Supportive Housing or Medical/Behavioral Health Facility
Parking: ±30 Spaces – Can be Expanded
Roof Replaced: 2017
Year Built: 1987 and 1988
2025 Annual Real Estate Taxes: $12,256.86
Available: 16,698 SF | Acres: 1.795 AC
Price per SF: $65.57/SF
40 Units Available: 1-Bedroom, 1-Bath with Shower Tub in Each Unit with their Own Mini-Split System
1 Apartment with Kitchen, Living Room, and Bedrooms that is Currently Rented
On-Site Employee Laundry Facility, Fitness Center, and Heated Indoor Pool
Utilities: Water - Well | Electric - American Electric Power (AEP) | Gas - Enbridge Gas | Sewer
Future Buyer Cannot Operate the Property as a Motel Due to Restrictions
Repurpose Ideas Include: Affordable/Workforce Housing, Transitional/Supportive Housing or Medical/Behavioral Health Facility
Parking: ±30 Spaces – Can be Expanded
Roof Replaced: 2017
Year Built: 1987 and 1988
2025 Annual Real Estate Taxes: $12,256.86
Property Facts
Amenities
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 89 | $109.00 | - |
1 1
Property Taxes
| Parcel Number | 56-02543-002 | Improvements Assessment | $237,730 |
| Land Assessment | $43,450 | Total Assessment | $281,180 |
Property Taxes
Parcel Number
56-02543-002
Land Assessment
$43,450
Improvements Assessment
$237,730
Total Assessment
$281,180
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Motel Repurpose Opportunity - Apartments | 2137 E Lincoln Way
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