For Sale
$2,799,000

1723 Perry St Port Clinton, OH 43452

54-Unit Hotel, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 54-unit hotel, situated on a 0.13-acre lot in Port Clinton, Ohio, presents a compelling investment opportunity. The 25,476 square-foot, two-story building, constructed in 1987 and renovated in 2004, boasts a Class C rating and is commercially zoned. Currently operating as a hotel, the property offers 54 keys, each valued at $51,833.33, resulting in an asking price of $2,799,000 ($109.87 per square foot). Its prime location in Port Clinton, a thriving area, ensures strong seasonal performance and significant potential for growth through targeted marketing and operational enhancements. The property's ample space and versatile commercial zoning allow for various hospitality and select-service uses. This well-maintained asset offers a strong return on investment for discerning buyers seeking a stable, high-demand property in a desirable tourist destination. The property's APN is 021-00451-13936-000. Further financial details are available upon request.

Highlights

  • $2,799,000 asking price for a 54-unit hotel.
  • 25,476 square-foot building.
  • 54 keys/units.
  • Commercially zoned.
  • Prime Port Clinton, Ohio location.
  • Versatile commercial potential.

Property Details for 1723 Perry St

Property type
Retail properties, Hospitality properties
Square Feet
25,476 SF
Class
C
Year Built/Renovated
1987/2004
Buildings
1
Stories
2
Lot Size (sq. ft)
5,663 SF
Units
54

Location Insight

City
Port Clinton
County
Ottawa
State
Ohio
Latitude
41.5157721
Longitude
-82.916896

FAQs

What type of property is this?
Retail property - 54-Unit Hotel, Prime Location
Where is the retail property located?
The property is located at 1723 Perry St Port Clinton, OH.
What is the asking price?
The asking price for this property is $2,799,000.
What are key features of this property?
This property features: $2,799,000 asking price for a 54-unit hotel.; 25,476 square-foot building.; 54 keys/units.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1723 Perry St
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