East Sandusky Hotel 1530 Cleveland Rd 103 Room Hotel Sandusky, OH 44870 $3,100,000 ($30,097/Room)



EXECUTIVE SUMMARY
Welcome to the heart of the Lake Erie Shores & Islands region and get ready to tap into the 2.7-billion-dollar tourism impact on Erie County! This 103-unit hotel is just waiting for new owners to host the 13 million annual visitors to our region. Located just 5 minutes from Cedar Point, Cedar Point Sports Center/Sports Force Parks and downtown Sandusky, this is the ideal location for year-round rental opportunity. Other amenities include a working lobby, full-service restaurant including equipment, a 1-bedroom house, a county liquor permit (does not include state license), fully furnished guest rooms, swimming pool, courtyard and laundry facilities. There are 11 parcels in total included in the sale providing ample parking or room for expansion. Roughly 3.7 acres. Some recent upgrades include a new HVAC system, apartment style refrigerators in rooms, and an electronic door lock system on all guest rooms. Full maintenance staff has maintained property while being used for employee housing. Please see attached list for inventory included in the sale or request directly from listing agent. Room types include: 1 - 2 King bedroom with kitchen, 5 - King Studios, 25 - Single King, 65 - Two Doubles and 7 - Single Double
PROPERTY FACTS
Price | $3,100,000 |
Price Per Room | $30,097 |
Sale Type | Investment |
Property Type | Hospitality |
Property Subtype | Hotel |
Building Class | C |
Lot Size | 2.00 AC |
Building Size | 31,000 SF |
No. Rooms | 103 |
No. Stories | 2 |
Year Built | 1951 |
Parking Ratio | 4.03/1,000 SF |
Corridor | Interior |
AMENITIES
- Business Center
- Pool
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
---|---|---|---|
Suite | 6 | $189.00 | - |
Guest Room | 97 | $129.00 | - |
1 of 1
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $323,994 | |
Land Assessment | $71,865 | Total Assessment | $395,859 |
ZONING
Zoning Code | Commercial |