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Anchor Motel & Cottages & Triangle Lounge 5196 Lake Rd E 53 Room Hotel Geneva, OH 44041 For Sale
Executive Summary
Geneva On The Lake
“Anchor Motel & Cottages” & “Triangle Lounge”
52+ Units, 2.44 Acres, Restaurant/Bar, 2 Homes
Zoned RD Resort District, Public Utilities
Court Ordered Auction
Live Onsite With Online Bidding Available
All sells on location: 5196 Lake Rd. E., Geneva, OH 44041
Located just on the East side of Historical Geneva On The Lake, Ohio
Thursday, September 24, 2026, 3:00 PM
Real Estate: Don’t miss this unique opportunity to purchase one of the largest and most diverse properties in the Village! Situated on 2.4461 acres and encompassing 23 Ashtabula County parcels, this one-of-a-kind property offers a tremendous opportunity for an investor, entrepreneur, hospitality operator, or developer. All parcels sell together as one unit. Located at the corner is the 1,500+ square-foot Triangle Lounge Bar & Restaurant, featuring indoor dining and bar space, outside seating, and a rear outdoor patio. 2025 half-year real estate taxes, $9,013
The balance of the property includes:
• 40 single-bedroom motel units
• 12 two-bedroom cottage units
• Two-bedroom mobile home
• Three-bedroom bungalow home
• Four-bedroom bungalow home
• Several garages and outbuildings
• All public utilities
With multiple buildings, residential units, hospitality space, and additional outbuildings all situated on one property, this is a rare opportunity with tremendous potential for redevelopment, continued operation, or an investor looking to capitalize on the property's many income-producing possibilities.
Auctioneers Note: Auctioneers Note: Walk the property at your convenience. All buildings will be open for inspection on auction day only beginning at 1:30 PM. The bar and buildings have been vacant since October 2025. Property is being sold AS-IS, WHERE-IS, with no warranties or guarantees.
Court-Ordered Auction: This property must sell for a minimum of two-thirds of the appraised value. The court-ordered appraised value is $841,500, establishing a minimum required sale price of $561,000. Bid accordingly, this is a unique opportunity to purchase a substantial Village property at public auction.
Terms On Real Estate: 10% down auction day, balance due at closing. A 10% buyer’s premium will be added to the highest bid to establish the purchase price. Any desired inspections must be made prior to bidding. All information contained herein was derived from sources believed to be correct. Information is believed to be accurate but not guaranteed.
Auctioneer/Realtor: Jeff R. Kiko, 330.206.1079 or jeffkiko@kikocompany.com
“Anchor Motel & Cottages” & “Triangle Lounge”
52+ Units, 2.44 Acres, Restaurant/Bar, 2 Homes
Zoned RD Resort District, Public Utilities
Court Ordered Auction
Live Onsite With Online Bidding Available
All sells on location: 5196 Lake Rd. E., Geneva, OH 44041
Located just on the East side of Historical Geneva On The Lake, Ohio
Thursday, September 24, 2026, 3:00 PM
Real Estate: Don’t miss this unique opportunity to purchase one of the largest and most diverse properties in the Village! Situated on 2.4461 acres and encompassing 23 Ashtabula County parcels, this one-of-a-kind property offers a tremendous opportunity for an investor, entrepreneur, hospitality operator, or developer. All parcels sell together as one unit. Located at the corner is the 1,500+ square-foot Triangle Lounge Bar & Restaurant, featuring indoor dining and bar space, outside seating, and a rear outdoor patio. 2025 half-year real estate taxes, $9,013
The balance of the property includes:
• 40 single-bedroom motel units
• 12 two-bedroom cottage units
• Two-bedroom mobile home
• Three-bedroom bungalow home
• Four-bedroom bungalow home
• Several garages and outbuildings
• All public utilities
With multiple buildings, residential units, hospitality space, and additional outbuildings all situated on one property, this is a rare opportunity with tremendous potential for redevelopment, continued operation, or an investor looking to capitalize on the property's many income-producing possibilities.
Auctioneers Note: Auctioneers Note: Walk the property at your convenience. All buildings will be open for inspection on auction day only beginning at 1:30 PM. The bar and buildings have been vacant since October 2025. Property is being sold AS-IS, WHERE-IS, with no warranties or guarantees.
Court-Ordered Auction: This property must sell for a minimum of two-thirds of the appraised value. The court-ordered appraised value is $841,500, establishing a minimum required sale price of $561,000. Bid accordingly, this is a unique opportunity to purchase a substantial Village property at public auction.
Terms On Real Estate: 10% down auction day, balance due at closing. A 10% buyer’s premium will be added to the highest bid to establish the purchase price. Any desired inspections must be made prior to bidding. All information contained herein was derived from sources believed to be correct. Information is believed to be accurate but not guaranteed.
Auctioneer/Realtor: Jeff R. Kiko, 330.206.1079 or jeffkiko@kikocompany.com
Property Facts
| Sale Type | Investment | No. Rooms | 53 |
| Property Type | Hospitality | No. Stories | 1 |
| Property Subtype | Hotel | Year Built | 1940 |
| Building Class | C | Parking Ratio | 0.62/1,000 SF |
| Lot Size | 2.44 AC | Corridor | Exterior |
| Building Size | 17,646 SF | ||
| Zoning | RD | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.44 AC |
| Building Size | 17,646 SF |
| No. Rooms | 53 |
| No. Stories | 1 |
| Year Built | 1940 |
| Parking Ratio | 0.62/1,000 SF |
| Corridor | Exterior |
| Zoning | RD |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 14 | $199.00 | - |
| Guest Room | 39 | $89.00 | - |
1 1
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $151,670 | |
| Land Assessment | $64,760 | Total Assessment | $216,430 |
Property Taxes
Parcel Numbers
Land Assessment
$64,760
Improvements Assessment
$151,670
Total Assessment
$216,430
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