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- LoopNet Team
342 Milan Ave
Norwalk, OH 44857
Econo Lodge Norwalk · Hospitality Property For Sale · 17,626 SF
Investment Highlights
- Conveniently located with easy access off of the main business district of Norwalk Ohio
- Great condition. Well maintained. Must see to appreciate.
- Excellent alternative accommodations regularly patronized by tourists visiting Cedar Point and Lake Erie attractions
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 1 |
| Property Subtype | Hotel | Year Built | 1987 |
| Building Class | C | Tenancy | Single |
| Lot Size | 1.93 AC | Parking Ratio | 2.03/1,000 SF |
| Building Size | 17,626 SF | Corridor | Exterior |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.93 AC |
| Building Size | 17,626 SF |
| No. Stories | 1 |
| Year Built | 1987 |
| Tenancy | Single |
| Parking Ratio | 2.03/1,000 SF |
| Corridor | Exterior |
Amenities
- Business Center
- Fitness Center
- Pool
- Restaurant
- High Speed Internet Access
- Public Access Wifi
About 342 Milan Ave , Norwalk, OH 44857
* PLEASE DO NOT CONTACT OR VISIT THE HOTEL OR STAFF DIRECTLY. KINDLY SCHEDULE ALL TOURS THROUGH OUR OFFICE * Property is maintained at a very high level and it shows in its beautiful and great condition due to the many upgrades: in 2021: - refurbished parking lot in 2017 & 2018 in excess of $200k includes: - New metal roof with full warranty will transfer to new owner - New HVAC units - Painting of exterior and all interior rooms - Luxurious vinyl flooring upgrades in many rooms - Upgraded FF&E in all rooms including light fixtures, LED lamps, window treatment - New signage - New water tank - New laundry washer Unimac approx. $9k value - New washer / dryer units in guest laundry - Pool & pool deck paint - Upgraded landscaping
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $158,860 | |
| Land Assessment | $43,720 | Total Assessment | $202,580 |
PROPERTY TAXES
zoning
| Zoning Code | M-2 |
| M-2 |
Learn More About Investing in Hospitality Properties
