Candlewood Suites Columbus North 1100 Mediterranean Ave
108 Room Hotel Columbus, OH 43229 $10,750,000 ($99,537/Room)
INVESTMENT HIGHLIGHTS
- COMPLETELY RENOVATED APARTMENT OR EXTENDED - STAY HOTEL BUILDING
- 102 FULLY FURNISHED ROOMS
- OPPORTUNITY TO CONVERT TO APARTMENTS
- 4 STORIES, 48,160 +/- SF BUILDING ON 2.02 AC
- ADA-COMPLIANT UNITS
- EXCELLENT INVESTMENT OPPORTUNITY - LOCATED IN AN OPPORTUNITY ZONE
EXECUTIVE SUMMARY
4 stories, 48,160 +/- SF on 2.02 +/- AC. Opportunity to convert to apartments if desired. 102 fully furnished rooms, entire building totally remodeled and renovated from the floors to the rooftop & parking lot. Each room includes a kitchen with dishwasher, beds, TV, phone, coffee maker, mattress and box spring, drapes, etc. 8 ADA-compliant units, 8 one-bedroom units leaving 86 studios, all with brand new fixtures and furniture. 2 elevators, full building has Wi-Fi, cable TV, & security cameras inside & outside. Great location with easy access to I-71 and 161. Minutes from the Shops at Worthington, Thomas Worthington High School, Crosswoods Apartments, and more. Don't miss this rare investment opportunity!
PROPERTY FACTS
| Price | $10,750,000 |
| Price Per Room | $99,537 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.02 AC |
| Construction Status | Under Renovation |
| Building Size | 48,160 SF |
| No. Rooms | 108 |
| No. Stories | 4 |
| Year Built/Renovated | 1987/2025 |
| Parking Ratio | 2.37/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
AMENITIES
- Business Center
- Fitness Center
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 108 | $133.00 | - |
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PROPERTY TAXES
| Parcel Number | 010-196700 | Improvements Assessment | $1,219,050 |
| Land Assessment | $245,950 | Total Assessment | $1,465,000 |
ZONING
| Zoning Code | RAC (Mixed Use, Regional Activity Center) |
