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Economy Inn 4258 Youngstown Rd 52 Room Hotel Warren, OH 44484 $1,799,999 ($34,615/Room)
Executive Summary
Economy Inn Located at 4258 Youngstown Rd, Warren OH 44484, this charming motel offers a lucrative investment opportunity. With a total of 52 rooms spread over 18,000 SF on 1.53 acres of land, the Economy Inn presents a solid financial prospect at a competitive price of $1,799,999. The property's convenient location boasts a strong demographic profile, with a population of 83,929 within a 5-mile radius and median household incomes on the rise. Built-in 1965, the motel features ample parking with a ratio of 1.44 spaces per room and zoning suitable for lodging operations. Whether you're seeking to expand your real estate portfolio or enter the hospitality industry, the Economy Inn offers a promising venture. Don't miss out on this exclusive opportunity to acquire a well-established property with growth potential in the growing market of Warren, OH.
Property Facts
| Price | $1,799,999 | Building Size | 18,000 SF |
| Price Per Room | $34,615 | No. Rooms | 52 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1965 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | C | Parking Ratio | 4.17/1,000 SF |
| Lot Size | 1.53 AC | Corridor | Interior |
| Zoning | MOTEL | ||
| Price | $1,799,999 |
| Price Per Room | $34,615 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.53 AC |
| Building Size | 18,000 SF |
| No. Rooms | 52 |
| No. Stories | 2 |
| Year Built | 1965 |
| Tenancy | Single |
| Parking Ratio | 4.17/1,000 SF |
| Corridor | Interior |
| Zoning | MOTEL |
Amenities
- Restaurant
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 3 | $97.00 | - |
| Guest Room | 49 | $57.00 | - |
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Property Taxes
| Parcel Number | 44-016756 | Improvements Assessment | $228,900 |
| Land Assessment | $40,810 | Total Assessment | $269,710 |
Property Taxes
Parcel Number
44-016756
Land Assessment
$40,810
Improvements Assessment
$228,900
Total Assessment
$269,710
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Economy Inn | 4258 Youngstown Rd
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