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The J.C. Huffman Country Inn & Motor Lodge 44077 Oberlin Elyria Rd 23 Room Hotel Oberlin, OH 44074 $855,000 ($37,174/Room) 14.74% Cap Rate
INVESTMENT HIGHLIGHTS
- Best Priced in area
- Good stay option for Visitors to Oberlin College
- Seen from Highway
EXECUTIVE SUMMARY
Great investment opportunity with this turn key property located just off RT 10 in Oberlin, Ohio. Newly Renovated rooms. Queen and King bed upgrades. Large Fridge and microwave in each room. Some rooms family friendly with bunk beds. Roof replaced on main last year. Property also has 3 bed 2 bath home on property along with a 3 car garage and a 10 x 10 storage shed. Ample parking for Motel guests as well as covered parking for some units. This has all the makings to get a new investor running and making profit fast or to add to the portfolio of a long time investor! Current owner has limited check in hours to standard business hours. Much more potential to capture business that wants to check in later than 4p. Reach out today to set up a private tour!
PROPERTY FACTS
| Price | $855,000 | Lot Size | 3.39 AC |
| Price Per Room | $37,174 | Building Size | 7,668 SF |
| Sale Type | Investment | No. Rooms | 23 |
| Cap Rate | 14.74% | No. Stories | 1 |
| Property Type | Hospitality | Year Built/Renovated | 1950/2023 |
| Property Subtype | Hotel | Parking Ratio | 6/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Zoning | Motel | ||
| Price | $855,000 |
| Price Per Room | $37,174 |
| Sale Type | Investment |
| Cap Rate | 14.74% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.39 AC |
| Building Size | 7,668 SF |
| No. Rooms | 23 |
| No. Stories | 1 |
| Year Built/Renovated | 1950/2023 |
| Parking Ratio | 6/1,000 SF |
| Corridor | Exterior |
| Zoning | Motel |
AMENITIES
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 23 | $62.00 | - |
1 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $121,737 | |
| Land Assessment | $36,754 | Total Assessment | $158,491 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$36,754
Improvements Assessment
$121,737
Total Assessment
$158,491
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VIDEOS
MATTERPORT 3D EXTERIOR
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The J.C. Huffman Country Inn & Motor Lodge | 44077 Oberlin Elyria Rd
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