* PLEASE DO NOT CONTACT OR VISIT THE HOTEL OR STAFF DIRECTLY. KINDLY SCHEDULE ALL TOURS THROUGH OUR OFFICE *
2019 Revenues: $482,919; NOI approx. $267k
Property is maintained at a very high level and it shows in its beautiful and great condition due to the many upgrades 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
Priced to Sell @ 2.98 x total revenue !!!
@@@ Canadian Buyers? Seller has potential lender in place that may work with you !!!
The Econo Lodge hotel in Norwalk is conveniently located in the busy retail sector of Norwalk Ohio. Nestled between Cleveland and Toledo Ohio, Norwalk offers warm welcome with historical homes and buildings and plenty of tourist attractions that provide key demand generators for this hotel.
Fee Simple
Includes additional land behind the hotel that has been graveled for truck parking
Nearby:
Summit Motorsports Park
Cedar Point amusement park
Lake Erie Island
Sandusky Speedway
African Safari Wildlife Park
BGSU Firelands
This Norwalk hotel cares about the environment and has taken active steps to support green hotel practices.
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While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.
What is the asking price for 342 Milan Avenue in Norwalk?
The asking price for 342 Milan Avenue is $1,525,000
What is the building size of this Specialty property in Norwalk, OH?
The size of the building/unit at 342 Milan Avenue in Norwalk is 17,626 square feet
How much land does the Norwalk, OH property at 342 Milan Avenue include?
342 Milan Avenue in Norwalk includes 1.930 acres of land
What kind of Specialty is the propery at 342 Milan Avenue?
The property at 342 Milan Avenue Norwalk, OH 44857 is listed as a Hotel/Motel/Resort Specialty property
What is the population within 1 mile of 342 Milan Avenue in Norwalk?
The population within 1 mile of 342 Milan Avenue Norwalk, OH 44857 is 2,785 people.
Who do I contact for questions about 342 Milan Avenue?
You should contact the listing agent,
Anish Shah, for any details regarding this commercial listing.
