For Sale
$3,450,000
1401 Mall Dr Holland, OH 43528
- Added:
- Dec 11, 2024
- Days on market:
- 136
Highlights
- 130-room Quality Inn in Holland, OH, offering strong revenue potential with projected $1.1M in room revenue for 2024 and upward trends.
- Over $400,000 in recent renovations (2023-2024) including fire alarm, pool, staircase, and elevator upgrades.
- 31% NOI margin achieved through September 2024, demonstrating efficient operations.
- Strong local market with resilient occupancy rates driven by area industrial and logistics growth.
Property Details for 1401 Mall Dr
- Property type
- Hospitality properties, Hotels
- Year Built/Renovated
- 1991/2024
- Buildings
- 1
- Stories
- 3
- Lot Size (sq. ft)
- 134,165 SF
Location Insight
- City
- Holland
- County
- Lucas
- State
- Ohio
- Latitude
- 41.6152848
- Longitude
- -83.6930508
Nearby Similar for Sale
FAQs
- Where is the hospitality property located?
- The property is located at 1401 Mall Dr Holland, OH.
- What is the asking price?
- The asking price for this property is $3,450,000.
- What are key features of this property?
- This property features: 130-room Quality Inn in Holland, OH, offering strong revenue potential with projected $1.1M in room revenue for 2024 and upward trends.; Over $400,000 in recent renovations (2023-2024) including fire alarm, pool, staircase, and elevator upgrades.; 31% NOI margin achieved through September 2024, demonstrating efficient operations.
- How can I contact the broker?
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