601 High St Mount Vernon, OH 43050

This exceptional 16-unit hotel, The Mount Vernon Inn, presents a compelling investment opportunity in the thriving downtown Mount Vernon, Ohio. Located at 601 W High St, 43050, this turnkey hospitality property boasts 4,740 square feet on a 0.8-acre lot. Currently operating at 50% occupancy, the Inn generates a Net Operating Income (NOI) of $81,000, yielding a 5.42% cap rate. The asking price is $1,495,000, translating to $315.40 per square foot. The property's diverse unit mix includes guest rooms, suites, and houses, catering to both short-term and long-term guests. Two units offer on-site living accommodations for the owner, ideal for managing the business. The Inn offers complimentary breakfast to short-term guests, while long-term guests have the option to purchase breakfast. This beautifully renovated facility is perfectly suited for short-term rentals, long-term stays, and corporate extended stays. The property's strong performance and prime location make it an attractive investment with significant upside potential. Appointments are required for all showings.