For Sale
$3,100,000

1530 Cleveland Rd Sandusky, OH 44870

103-Unit Hotel Near Cedar Point

Property Records

Overview

Added:
Feb 3
Days on market:
85
This exceptional 103-unit hotel presents a lucrative investment opportunity in the thriving Lake Erie Shores & Islands region of Sandusky, Ohio. Boasting a prime location just five minutes from Cedar Point amusement park, Cedar Point Sports Center/Sports Force Parks, and downtown Sandusky, this property benefits from the area's robust $2.7 billion tourism industry and 13 million annual visitors. The hotel features a fully operational lobby, a complete restaurant with all equipment included, a one-bedroom house, and a county liquor permit (state license not included). Guest rooms are fully furnished and equipped with recently upgraded amenities such as new HVAC systems, apartment-style refrigerators, and electronic door locks. A swimming pool and courtyard enhance the guest experience, while on-site laundry facilities add convenience. The property also includes ample parking and expansion potential across its eleven parcels, encompassing approximately 3.7 acres. The diverse room types cater to a wide range of guests, including 1 two-bedroom king suites with kitchens, 5 king studios, 25 single king rooms, 65 double-double rooms, and 7 single-double rooms. A full-time maintenance staff has ensured the property's upkeep, and it has been utilized for employee housing. A detailed inventory of included items is available upon request. This turnkey operation is ready for a new owner to capitalize on the region's consistent tourism revenue.

Property Details for 1530 Cleveland Rd

Property type
Commercial real estate
Year Built
1950
Lot Size (sq. ft)
161,172 SF

Location Insight

City
Sandusky
County
Erie
State
Ohio
Latitude
41.44231
Longitude
-82.68913

FAQs

What type of property is this?
Commercial real estate - 103-Unit Hotel Near Cedar Point
Where is the commercial real estate located?
The property is located at 1530 Cleveland Rd Sandusky, OH.
What is the asking price?
The asking price for this property is $3,100,000.
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1530 Cleveland Rd
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