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- LoopNet Team
342 Milan Ave
Norwalk, OH 44857
Econo Lodge · Hospitality Property For Sale
·
17,626 SF
INVESTMENT HIGHLIGHTS
- Convenient retail location
- Completely upgraded with new metal roof and very well maintained property provides an opportunity to own and operate complete turn key operation
- Located on the main thoroughfare in Norwalk Ohio
PROPERTY FACTS
AMENITIES
- Business Center
- Fitness Center
- Pool
- Restaurant
- High Speed Internet Access
- Public Access Wifi
ABOUT 342 MILAN AVE , NORWALK, OH 44857
Property is maintained at a very high level and it shows in its beautiful and great condition. - New expected PIP from Choice Hotels should be less than $10k as property has been fully upgraded. PIP is available for review. - Many upgrades in 2017 & 2018 in excess of $200k includes: - New metal roof with full warranty will transfer to new owner - New HVAC units - Painting of exterior and all interior rooms - Luxurious vinyl flooring upgrades in many rooms - Upgraded FF&E in all rooms including light fixtures, LED lamps, window treatment - New signage - New water tank - New laundry washer Unimac approx. $9k value - New washer / dryer units in guest laundry - Pool & pool deck paint - Upgraded landscaping
PROPERTY TAXES
| Parcel Number | 52-012B-01-025-1800 | Improvements Assessment | $237,120 |
| Land Assessment | $36,790 | Total Assessment | $273,910 |
PROPERTY TAXES
