445 Alexis Rd Toledo, OH 43612
80-Room Hotel, High NOI, Excellent Location
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 136
Highlights
- Recently renovated in 2021-2023.
- Strong 2023 NOI margin of 39.2%.
- Toledo hotel market shows stable growth with a 2.9% year-over-year RevPAR increase.
- Over $1 billion in downtown development underway in 2024, including the $200 million Nicholas and Spitzer building renovation, boosting future demand.
- The $180 million Toledo Trade Center will create over 1,000 jobs and increase long-term business travel demand.
Property Details for 445 Alexis Rd
- Property type
- Hospitality properties, Hotels
- Square Feet
- 86,684 SF
- Year Built/Renovated
- 1987/2023
- Buildings
- 1
- Stories
- 2
- Lot Size (sq. ft)
- 86,684 SF
Location Insight
- City
- Toledo
- County
- Lucas
- State
- Ohio
- Latitude
- 41.7227782
- Longitude
- -83.5389189
Nearby Similar for Sale
FAQs
- What type of property is this?
- Hospitality property - 80-Room Hotel, High NOI, Excellent Location
- Where is the hospitality property located?
- The property is located at 445 Alexis Rd Toledo, OH.
- What is the asking price?
- The asking price for this property is $4,400,000.
- What are key features of this property?
- This property features: Recently renovated in 2021-2023.; Strong 2023 NOI margin of 39.2%.; Toledo hotel market shows stable growth with a 2.9% year-over-year RevPAR increase.
- How can I contact the broker?
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