804 S Leonard Ave | Lima, OH 45804
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804 S Leonard Ave
Lima, OH 45804
Country Inn & Suites by Radisson, Lima, OH · Hospitality Property For Sale · 42,354 SF
Investment Highlights
- Opportunity for Hands-On Management to increase performance, current owners are frequent the property occasionally.
- Area demand generators include Lima Memorial Health System, Lima Allen County Convention and Visitors Bureau, and Ohio State University Lima Campus.
- Significant potential to increase ADR within the submarket as the hotel has not maintained metrics.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 2007/2019 |
| Building Class | B | Parking Ratio | 1.72/1,000 SF |
| Lot Size | 2.67 AC | Corridor | Interior |
| Building Size | 42,354 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.67 AC |
| Building Size | 42,354 SF |
| No. Stories | 3 |
| Year Built/Renovated | 2007/2019 |
| Parking Ratio | 1.72/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
About 804 S Leonard Ave , Lima, OH 45804
Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 72-room Country Inn & Suitess located in Lima, Ohio. The hotel is a three-story property built in 2007 located directly off Interstate 75. The pProperty underwent a PIP in 2019 and is in excellent condition. As submarket RevPAR continues to rise, STR data shows oppotunity for new ownership to increase performance through Revenue Management and additional Marketing Efforts.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $909,200 | |
| Land Assessment | $199,680 | Total Assessment | $1,108,880 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$199,680
Improvements Assessment
$909,200
Total Assessment
$1,108,880
zoning
| Zoning Code | Commercial |
| Commercial |
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