For Sale
$6,800,000

1575 Sandusky AveBucyrus, OH 44820

62-key hotel, high ROI, strong cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 62-key Holiday Inn Express & Suites hotel located at 1575 N Sandusky Ave, Bucyrus, OH 44820. Priced at $6,800,000, this fee-simple property boasts a strong 8.52% cap rate and a healthy net operating income (NOI) of $579,121. The hotel, built in 2000 and renovated in 2021, sits on a 1.872-acre lot and features 20,000 square feet of space across three stories. Amenities include an elevator, fitness center, indoor pool, and meeting room. The property includes 70 parking spaces. The unit breakdown consists of 33 non-smoking rooms, 22 suites, and 7 accessible rooms. Individual PTAC units provide heating and cooling. The building is constructed of wood frame with a pitched, shingled roof. The hotel's current occupancy rate stands at 68.8% as of February 29, 2024, generating a room revenue of $1,840,540. The average daily rate (ADR) is $117.88, and the revenue per available room (RevPAR) is $81.11. This profitable hotel offers significant upside potential for an owner/user. The property is zoned commercial and has a Crawford County APN of 09-0003928.006. This is a turnkey operation with a proven track record of success.

Highlights

  • $6,800,000 asking price for this fee-simple ownership opportunity.
  • $1,840,540 in room revenue.
  • 68.8% occupancy rate.
  • $117.88 average daily rate (ADR).
  • $81.11 revenue per available room (RevPAR).

Property Details for 1575 Sandusky Ave

Property type
Hospitality properties, Hotels
Square Feet
20,000 SF
Year Built/Renovated
2000/2021
Buildings
1
Stories
3
Lot Size (sq. ft)
81,544 SF

Location Insight

City
Bucyrus
County
Crawford
State
Ohio
Latitude
40.8251712
Longitude
-82.9759872
1575 Sandusky Ave, Bucyrus, Ohio

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1575 Sandusky Ave
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