$1,300,000 $6,979 est/mo Sourced by Back At You

4960 Golfview Drive,Geneva, OH 44041

Geneva OH, 44041

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Description

11-keys motel within Ohio's First Summer Resort. Ideal for an investor seeking a turn key, well-established hospitality business with significant upside potential. Each motel suite features 2 bedrooms with queen beds, 1 bath, kitchenette, and sitting area. One suite is fully remodeled. Loyal clientele of repeat guests for over 30 years, thriving without advertising. Booking details reflect Memorial Day through mid September. This could be open year round. Spacious 2nd-floor residence: Approximately 2000 sq ft, 3 bedrooms, 1.5 baths, formal living and dining rooms, eat-in kitchen. The sellers did not rent the second floor living space and is potential for additional income. In-ground pool recently updated with $90k of improvements in 2023 including new concrete, aprons, and plumbing. Outdoor Pavilion for covered picnics and gatherings with landscaped green space. All linens, bedding, patio furniture, room furniture, benches, refrigerators, heating/cooling units, TVs are included. This is a turnkey business with potential for growth in a sought-after location.

Details

MLS#5038409
Listing TypeFor Sale
StyleHospitality
Sub-TypeResale
StatusActive
Year1960
Days On Site65
Listing Provided ByMcDowell Homes Real Estate Services | Clorice L Dlugos

Features

PoolYes
ZoningCommercial
Acreage0.80

Market Activity 44041

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Learn More About This Property

StateOH
CountyAshtabula
CityGeneva
Zip Code44041
Community NameConnecticut Western Reserve
Listing VS Median (in Connecticut Western Reserve)
Price:
$1,300,000
low | high
Med:
$354,900
100% of Average
On Site:
65
low | high
Med:
77.000000
84.415584415584% of Average
Sourced by Back At You
Listing Updated: July 4, 2024 at 9:14:24 AM PDT