1720 Columbus PikeDelaware, OH 43015

Property Details for 1720 Columbus Pike

Year built

1997

Lot size

2.43 AC

Property size (Sq ft)

31,800 SF

Property type

Hospitality properties

Property subtype

Motels

APN

419-130-05-018-001

APU

41913005018001

Description

This exceptional 71-key Baymont Inn & Suites hotel presents a compelling owner-user investment opportunity in Delaware, Ohio. Located at 1720 Columbus Pike, this two-story, 30,000 square foot property sits on a 2.428-acre lot and boasts a desirable location near major attractions including Tanger Outlets, Polaris Fashion Place, and numerous corporate headquarters such as JPMorgan Chase, Abercrombie & Fitch, and Intel, as well as Ohio State University. Built in 1997, the hotel features interior corridors, an indoor pool, and a fitness center, along with a breakfast area. The property includes 75 parking spaces. The asking price is $3,800,000, translating to $126.67 per square foot and $53,521 per key. With a current occupancy rate of 44.5% (as of December 31, 2023), this asset offers a significant value-add opportunity for an experienced operator to enhance operational efficiency and increase revenue. The wood-frame structure features a pitched, shingled roof and individual PTAC heating and cooling units. The property's parcel number is 419-130-05-018-001. Delaware County's projected population growth to 460,953 by 2050 underscores the significant long-term potential of this investment. This is a fee-simple ownership opportunity with no ground lease. The property is zoned for commercial use.

Location Insight

City

Delaware

County

Delaware

State

Ohio

Latitude

40.2675

Longitude

-83.072

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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