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Plaza Motel 29152 Euclid Ave 37 Room Hotel Wickliffe, OH 44092 $950,000 ($25,676/Room)
Investment Highlights
- Investment Opportunity - Motel Property in Wickliffe, OH
- Building has 23 suites/keys
- Daily and weekly rentals available
- Currently running on full occupancy
- On-site management
- High-density area with many retailers nearby
Executive Summary
Investment opportunity in Wickliffe, OH
Property Facts Under Contract
| Price | $950,000 | Building Size | 10,000 SF |
| Price Per Room | $25,676 | No. Rooms | 37 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1948 |
| Property Subtype | Hotel | Parking Ratio | 2.5/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.74 AC | ||
| Zoning | O-B | ||
| Price | $950,000 |
| Price Per Room | $25,676 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.74 AC |
| Building Size | 10,000 SF |
| No. Rooms | 37 |
| No. Stories | 2 |
| Year Built | 1948 |
| Parking Ratio | 2.5/1,000 SF |
| Corridor | Exterior |
| Zoning | O-B |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 37 | $48.00 | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $54,180 | |
| Land Assessment | $13,610 | Total Assessment | $67,790 |
Property Taxes
Parcel Numbers
Land Assessment
$13,610
Improvements Assessment
$54,180
Total Assessment
$67,790
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Plaza Motel | 29152 Euclid Ave
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